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Reply #2: It's worse than the article describes. [View All]

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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-24-11 06:54 AM
Response to Original message
2. It's worse than the article describes.
Edited on Fri Jun-24-11 06:55 AM by no_hypocrisy
More money will be taken out of the salaries of public school teachers and it WON'T be applied to their pensions. The money has been redirected to deficit spending, not their retirement funds. The State has not paid into their pension funds for more than 15 years. That's right, public school teachers have been taxed TWICE by their collectively bargained pension funds having been applied to the general revenue to pay general expenses of the State. When they retire, the money won't be there. And now MORE money will be taken away from them and NOT applied to their pensions.
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