When Should Teachers Die?

[MaggieD]

very true

Generally pensions are part of the contract the employer and employee have between each other regarding the purchase and sale of ones labour to the company. To unilaterally break that contract (formal or informal) is immoral on either parties part. Should the employer wish to change the the pension plan it should pay out those what they will lose based on the change (as they are entilted to those funds based on the contract) and move forward with the new pension plan after that has been done

Just a clarification here. A teacher who's been teaching for 3 years, let's say, and whose contract is up for renewal, and whose pension would be changed to a 401K, would be bought out of his contract's 3-year promise. In other words, in order to fund this teacher's promised benefits (in 28 years, let's say), actuarial formulas call for a deposit of $"X" in years 1, 2 and 3 of his contracted promise. He gets that money. He's shifted over to a 401K. This kind of buyout is the way it's done in the private sector.

 

[Lord Tammerlain]

Just a clarification here. A teacher who's been teaching for 3 years, let's say, and whose contract is up for renewal, and whose pension would be changed to a 401K, would be bought out of his contract's 3-year promise. In other words, in order to fund this teacher's promised benefits (in 28 years, let's say), actuarial formulas call for a deposit of $"X" in years 1, 2 and 3 of his contracted promise. He gets that money. He's shifted over to a 401K. This kind of buyout is the way it's done in the private sector.

And that would be fair in my opinion

To not to pay out the money earned in a defined pension program when going to a directed one would be in my opinion the equivalent of theft

 

[ElCid]

I assume this is in reference to me? ...and I think you are getting a little carried away.

You think?

 

[ElCid]

OFFICIAL, U.S. GOVERNMENT, POST-RETIREMENT, TEACHER DEATH-DEADLINE FORMULA:

Age + usefulness + prowess + mood of American society + anger of the younger generations toward baby boomers = DIE ASAP, PUBLIC SLAVE

 

[ElCid]

Just LOOK at these TEACHERS........
They act as though they're SOMEBODY, work for decades to civilize our increasingly dysfunctional kids, and THEN expect to retire. What a bunch of horrible, terrible, rotten, BAD, awful, disgusting, utterly despicable villains. NO, NO, NO, NO, NO!!!!!!!!