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  #61  
Old 04-09-18, 12:25 PM
MickeyMantle MickeyMantle is offline
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Originally Posted by PantherVOR View Post
He had plenty of choices, another career being among them...
I'll actually be fine, thanks. I'm not depending on politicians for a pension. There will be a lot of fine folks whom I work with losing their jobs this week because of that little weasel and his colleagues.

The implication, however, that the folks who were promised something by the state in the form of a pension are somehow responsible for losing that pension is dreadful. Please clarify whether or not you are saying someone who has devoted a couple decades to a public service career should have just chosen a different career.
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  #62  
Old 04-09-18, 08:17 PM
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PantherVOR PantherVOR is offline
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Originally Posted by MickeyMantle View Post
I'll actually be fine, thanks. I'm not depending on politicians for a pension. There will be a lot of fine folks whom I work with losing their jobs this week because of that little weasel and his colleagues.

The implication, however, that the folks who were promised something by the state in the form of a pension are somehow responsible for losing that pension is dreadful. Please clarify whether or not you are saying someone who has devoted a couple decades to a public service career should have just chosen a different career.
No my main point is politicians are, generally speaking, snakes that are not to be trusted nor depended upon. I'm glad to hear you will be fine by the way.
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  #63  
Old 04-09-18, 08:31 PM
SeeYaSometime SeeYaSometime is offline
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During the 08í recession, Strs board made changes. Now members receive 2.2% for each year at 5 highest years averaged. You are eligible for a benefit at age 65 with 5 years of service, or any age at 32 years of service to be bumped up to 33 years in 19í, 34 years in 21í, and 35 years in 23í.

In 26í members must be 60 with 35 years or 65 with 5 or more service years. There are ways to retire early with reduced benefits. As for the insurance, you must now be 65 to receive it.

So as you can see, once you hit a few years, you are pretty much locked in. These changes are going to be tough on districts as teachers will have to work more years, meaning less turnover and higher budgets due to most teachers being older.

Yes, I'm aware of the changes. It will be tougher on districts but still good for the members compared to most pension plans.
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  #64  
Old 04-09-18, 08:45 PM
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EagleFan EagleFan is offline
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My goal is just before my 60th, less than 13 years from now. Certain professions, like lawyers, just never retire, but I don't get that. Perhaps a bit of consulting, definitely some volunteering, and lots of golf and travel. No time for a real job with all of that.
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  #65  
Old 04-10-18, 05:51 AM
MickeyMantle MickeyMantle is offline
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No my main point is politicians are, generally speaking, snakes that are not to be trusted nor depended upon. I'm glad to hear you will be fine by the way.
I get it. Still, there are older people who have worked hard to earn what they were promised. This isnít a popular sentiment these days, but the states and, yes, the taxpayers, owe folks what they were promised.

KY needs to raise taxes (at minimum on cigs, opioid Rx, and likely more), and legalize casino gambling. The commonwealth will crumble in the global economy if it continues to attack education.
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  #66  
Old 04-10-18, 06:57 AM
king kong king kong is offline
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Yes, I'm aware of the changes. It will be tougher on districts but still good for the members compared to most pension plans.
If you knew the changes, why did you post the old retirement standards?
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