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    Re: This is My Illinois
    Posted by: Elaine on 11/29/12
    (22) Comments


    >
    > You say you have paid into your pension in three out of four districts?
    > What about the fourth? Is Mandy down at Walmart picking up your pension
    > now? Must be nice getting free retirement.
    >

    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
    beyond upset.


    Posts on this thread, including this one

  • This is My Illinois, 11/20/12, by Elaine.
  • Re: This is My Illinois, 11/21/12, by Merrill.
  • Re: This is My Illinois, 11/21/12, by twiceshynow.
  • Re: This is My Illinois, 11/24/12, by therealsped.
  • Re: This is My Illinois, 11/27/12, by Merrill.
  • Re: This is My Illinois, 11/29/12, by therealsped.
  • Re: This is My Illinois, 11/29/12, by Merrill.
  • Re: This is My Illinois, 11/29/12, by anon.
  • Re: This is My Illinois, 11/29/12, by anon.
  • Re: This is My Illinois, 11/29/12, by Elaine.
  • Re: This is My Illinois, 11/29/12, by Merrill.
  • Re: This is My Illinois, 11/29/12, by Elaine.
  • Re: This is My Illinois, 11/29/12, by therealsped.
  • Re: This is My Illinois, 11/30/12, by Elaine.
  • Re: This is My Illinois, 11/30/12, by anon.
  • Re: This is My Illinois, 11/30/12, by anon.
  • Re: This is My Illinois, 11/30/12, by Merrillv2.
  • Re: This is My Illinois, 12/01/12, by Elaine.
  • Re: This is My Illinois, 12/01/12, by therealsped.
  • Re: This is My Illinois, 12/03/12, by Merrillv2.
  • Re: This is My Illinois, 12/04/12, by therealsped.
  • Re: This is My Illinois, 12/05/12, by Merrillv2.