Quote:
Originally Posted by Jim in CT
Also, here in CT, teachers don't participate in Social Security, which is a huge benefit. I wish I could have my social security taxes given back to me, because as it is, I pay into social security, and I don't expect to get much back (I'm 41 years old). That alone is a huge, huge benefit.
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As for the contracts...you will see some governmengts (towns or states) file bankruptcy in the next couple of years, which gives them legal recourse to re-negotiate the contracts.
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With regards to SS tax, the teachers in my area pay into a separate fund with a rate that (if I remember correctly, probably am not though) equals the SS tax rate.
Concerning the town contracts, it is only a matter of time before towns realize firing everyone and subcontracting all of it to private entities is the best course of action.
Maywood, California Fires All Town Employees, Outsources Everything: An Act Of 'Municipal Genius'?
Mansfield for example has two full time public works employees that spend half their day watching soap operas and playing cards. I know because a kid I graduated with landed one of the jobs making good money, earning towards his pension, good beni's... great for him, terrible for the rest of us. It is absolutely insane.