I see similar across states I have taught and pretty much all states it seems... it is criminal what "they," do to pensions/entitlements. One puts into these things and then they chop off the back end by either extending work or reducing pay outs - austerity (Thatcherism) is to blame. Lack of number sense from the public is all I know of how they keep chipping away at it with no consequence. Goldman Sachs has won every election since 1980!Eric Gray wrote: ↑10 months agoI hear you. Here in Ohio, the state pension system screwed us over. I should have been able to retire with full benefits after the year I just completed. However, after quite a bit of mismanagement, they changed the rules and if you couldn't get out by 2015, you were stuck. You would have thought they would have grandfathered us with 20+ years in. Anyway, as it is, I've got 3 years and (UGH) 18 days. I will have to come back for 18 days at the start of the 26-27 school year. Hopefully, I can get through these next 3+ years and ride off into the sunset.John Smith wrote: ↑10 months agoWhat an accomplishment! dude, take the retirement! I wish I could - first inclination of giving me money for not showing up and I am taking it - but apparently you have to do this for 20 years - in one state only for it to work that way... I have been 3 states, 4 if you count Bay Area, CA different than So. Cal...2 different countries - not good for the pension at least. I might can get away with 7-8 more years, but 10 - 12 if they wont count my other state years... lowering teacher retirement age would go a long ways in retaining and recruiting teachers. Hell, I say just give us Police retirement and we good.
Anyway, 3 years and especially the 18 days must seem like the edge of reality in this climate. For me, at least 10 more - an eternity - unless they can do something about merging my previous states years of service, but I will still be held hostage by age! so at best 8 years if they will somehow allow other states years of service to count. Bond servants, I say - they've made us all bond servants and sharecroppers if one "owns," their house.