Quote:
Originally Posted by opendoor
My mom is a retired teacher who for most of her career only had to pay about 5-6% of her income towards her DB pension. Current teachers have to contribute 2-3 times that amount and many of them actually take home less money while working full time than my mom does from just her pension.
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This inequity is, in my view, the larger issue that will have to be dealt with in the near future, and none of the possible solutions are truly politically palatable.
And it isn't just a teacher problem: plenty of ex-government and -union employees are in the same situation, where promises made years and years ago are finally coming due, and suddenly people are realizing that (i) the promises were never fully funded; and/or (ii) the promises cannot be fully kept.