Stop blaming the teacher and start blaming the system.The guy went into the profession knowing what the future outcome would be as far as present pension payments would be . Why is he getting hammered for making a career decision that was a hell of a lot better than 90% of the people in the state. He planed his retirement on that future payout and should be entitled to every penny of it.Arguments that are negative about public pension payouts are the same as the 99% wackos complaining about banks and corporation profits.In life you make decisions. It seems that this guys decision on career was better than the complainers.
Bingo! A stoggie for Renegade...the teach is just insisting on what was promised to him. If the idiot system is so screwed up that it makes commitments like this...pay up suckkas.
Thank you Renegade! I lamented awhile back about a group wanting to take my Hub’s pension away (he paid in about 9% over 30 years)here in Texas. My Hub’s pension isn’t ANYWHERE near Mr. Corn’s but he paid into it, the City of Houston entered into a contract with him and now the city is trying to crawfish on these retired employees. Needless to say, and much to my disappointment there were more on this forum that thought it was all right than those who did not. We’re in a minority on here Renegade.
You analyzed the situation correctly.
But since when do gubbermints keep their word?
He’s perfectly fond of grandfather agreements, whereby teachers like me get screwed over, and have zero pensions, than taking a cut in his.
Who cares if the system collapses so long as he gets his? Thanks!
Well the future is here. What he though he knew didn't pan out.
You guys better pass a law forcing the taxpeasants to STAY in Illinois, and pay this guy's retirement.
I can just about guarantee you that the only ones left in Illinois after a few years will be idiots too dumb to figure out that they're galley slaves for the public sector retirees.
The exodus, and the shrieks following the taxrefugees, will be entertaining, to say the least.
There's considerable evidence that the exodus has already started - my figures show that even though Illinois monthly personal income tax revenues are WAY up, Illinois monthly personal income totals are WAY down.
You are right that he just is working in the system as it existed- but I worked for some of these government agencies-there are nearly daily discussions on how they can flim-flam the system for their own gain.
And they know it, and then they feel like they deserve it.
When I told them I thought it was immoral if not illegal you would think I pissed in the morning coffee. and they went out of their way to get revenge on me and get me out of there.
These people ARE FILTHY WHORES
that does not compare to the 90% who work hard and have to face the consequences and possibly get fired for not keeping up...
so the jokes on us I guess....
just because NOT EVERYBODY can get the cushy govt job doesn't mean the cushy govt workers deserve better treatment...
my husband was also "promised" lots of stuff when he worked for a major company....yet, it was all too easy for bankruptcy to be approved and his retirement medical benefits GONE and his pension cut into thirds.....
one sees evil and insanity one calls it out, no matter who "chose" what...
Many people planned their retirements based on their 401Ks, the equity in their house, etc. etc. Their plans didn't work out in part because of the overspending that has sent the economy into a tailspin, including overspending on public pensions. I generally agree, it's the system and not him that is to blame, but it would be a good bet that he has been voting over the years for those most responsible for putting the system in place.
I absolutely don't credit him for ‘superior wisdom’ in choosing a path that lead to a big pension. I also don't give that kind of credit to chronic welfare recipients who abuse the system and don't have to work for a living.
Currently, I'm hearing more and more about Social Security being broke, and that SS benefits will need to be "means tested", or perhaps people won't see any SS benefits.
If his employer, the government, doesn't have the funds to meet pension obligations, then my attitude is "Welcome to the party, pal"
To what extent does the Illinois State Constitution grant the legislature the authority to promise money on behalf of future taxpayers? If a crook buys something on credit with a promise that I'll pay for it, when I've agreed to no such thing, I'm not obligated to pay one dime to the merchant. The merchant is free to go after the crook, if he can, and I'd wish him the best of luck doing so. Fundamentally, though, the fault would lie with the crook and with the merchant who was willing to accept his phony promise--not with me.