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Montgomery County Public Schools (MCPS)
Reply to "Real talk: are there going to be enough teachers for summer school?"
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[quote=Anonymous][quote=Anonymous] Ok. Even though it off topic for this thread, I’ll bite. Teachers in Maryland hired after 2011 or working since 2011 are the in the “ reformed pension program”. Pensions were cut 20% for future retirees. Since the 1970’s Maryland has cut (reformed) pensions every 10 to 15 years. They always end making younger employees pay more and get less in return. [b] Currently 70% of the money I pay into the pension system each pay period goes to pay current retirees. [/b] Pension systems don’t work like 401ks where you get to keep your own money directly. Pay and salary cuts always seem directed at the new and younger teachers, while older or retired teachers still get most of their promised benefits. Additionally the state has forced the counties to contribute more to the pension funds directly in addition to matching what is takenit out of staff salaries. So, if you want to be fair direct your snark at older or retired teachers. But please pity the newer, younger teachers who won’t get as much of these benefits and will subsidize the older and retired staff. Overall, I agree that benefits are still better than the private sector. But again, it is not fair to blame teachers for the govt and CEOs not wanting to pay or fix the American health care system. On the flip side I make less money including salaryand benefits than any of my friends with similar education experience.[/quote] No wonder teachers are so angry all the time. I'm sorry MCEA has fed you all of these lies. You will get so much more from your pension than you put in, and even after the pension cut (which is not that bad when you consider teachers also got an increased supplement 3 years prior to the cut). While they may be using current contributions to fund current benefits, that just means that employees younger than you will fund your benefits. Is that a sustainable model? Nope, that's why pensions need to be reformed. But MCPS is not going to cut benefits for current employees, that is what a city facing bankruptcy does, not MoCo. Your pension benefits are extremely valuable and are far, far more generous than the typical worker with a 401k one, even the county employees which have a relatively generous defined contribution plan.[/quote]
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