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Montgomery County Public Schools (MCPS)
Reply to "MCPS faces Teacher shortage next year"
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[quote=Anonymous][quote=Anonymous] Teachers pay 7.5% of salary into the pension including state and county supplemental. This increased from 5% before 2011. So teachers are paying more and getting less compared to the old system. They have lowered the benefits and increase staff contributions every 10 to 15 years since the 1980’s. longer so pension benefits cost more. Money does not grow on trees.[/quote][/quote] Teachers are getting marginally less compared with the pre-2011 system. These changes happen because as people live longer, pension benefits cost more to provide. Where should that money come from? Should it come from taxpayers who by and large do not get nearly the same level of retirement benefits as teachers do, if they get retirement benefits at all? Btw I am more than happy for you to complain about having to pay soooo much into their retirement. By all means, make that your talking point to people who are told to contribute a MINIMUM of 15% into their retirement accounts that won't protect you from market volatility or long life.[/quote]
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