One can either be paid at the front end or back end. Teachers are paid at....
This isn't free retirement but deferred compensation.
My husband (with less degrees than I) makes all his money at the front end.
Nice big paycheck that he saves money from for his retirement. He negotiates
pay raises every year in his yearly review...i.e paid at the front end.
We on the other hand got often got our pay raises often as deferred
compensation rolled into our retirement...i.e paid at the backend. This
freed up LOTS of money for the state to spend on other things.
What is so difficult to understand about this concept...we are NOT getting
FREE money. We signed our contracts with the state for these benefits and
agreed to wait out some of them until we retired. That is not free money.
If someone owed you money and started paying it later but wanted to renign
because now they feel like your owed money is just "free" you too would
mighty upset. And if you were older, unable to start over again saving and
counting on that money because they swore up and down you'd get it you be