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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Government pensions are simply a problem. Unaffordable and foisting the burden on future generations. I'm not picking on teachers here, pretty much any government pension.

Most companies got rid of pensions because they are not affordable in the long term.

Obviously in this area this will not be a popular opinion, but that doesn't mean I am wrong.[/quote]

Correct, it is not a popular opinion. 
So organizations no longer have to pay long term benefits to people who put in the time and built up the organization. But they also don't have to pay more now so that people can invest and prepare? It's not like schools are paying 20% more now so that the employees can invest for retirement. Well, that's a bargain which screws over workers.[/quote]

I don't want to hijack this thread to make it about pensions (though in this case that may have contributed to the principals departure), but the fair thing would be to pay the teachers somewhat more now in exchange for that forever pension. Like industry with a 401k or non-profit 403b. It is the pension promises and payments for 30-40 years of retirement likely with inflation adjustments that are the problem. It just doesn't work fiscally.[/quote]

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