Anonymous wrote:
Anonymous wrote:
Anonymous wrote:but if private companies can’t afford pensions any longer ( I’ve worked for 30 years and just have my personal 401k) how can taxpayers afford them?
Private companies choose not to afford them. It's no coincidence that exec salaries have skyrocketed as pensions have disappeared.
DCPS teacher here and you don’t know what you’re talking about I’m afraid. An infinitesimal number of teachers would ever receive that much pension. I am hoping to make it to age 62 (don’t know if I will - the stress is doing me in). At that point I should get about $36K annually. If I retire sooner, it will be closer to $24K. The $36 K would be after about 17 years of teaching. A huge chunk of that invested money has come out of my paycheck, as required. Plus we get no social security. It’s not that sweet!!
100% this. And the joke is on all of us, because corporations have done everything they can to profit off the public (eliminating pensions, avoid paying taxes, refusing to pay a living wage, cutting corners, and eliminating safety and epa regulations all to create revenue for shareholders). And the best part - they get you to think teacher pensions are the problem. Guess we really are as stupid as they think we are…