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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

In Maryland, the pension is now the responsibility of the district, not the state. Employee must pay in, but there is no guarantee that the district won't go bust like Wisconsin. Not comforting at all.[/quote]

I thought that it was only half of the pension being the responsibility of the county?[/quote]

The district is responsible for roughly 50%, the employee is responsible for the other 50%.  Even though the district participates in controlling the pension board, the employee is stuck with part of the underfunding liability.  Contributions by the school district have been held steady; only the employee contribution has gone up since '98.  The employee is NOT deemed to have paid the cost of disability benefits, so if an employee is disabled and cannot work, the income dramatically drops and is still taxable.  The retirement benefit formula has been reduced three times since 1998 even though the cost to the employee has gone up.  The plan has cut out all but basic life insurance as part of coverage.  Overall, it's turned into a jalopy plan.  Given that salaries are not great, the pension plan no longer really makes up.

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