What a dream! You retire from teaching, then keep teaching and receive both your teaching and your retirement checks. What could go wrong?
"From a financial standpoint, it is one piece of a state retirement system that has been in crisis mode for years. Partly due to what critics call poor management of investments, the state pension system reported a $24 billion funding shortfall this year."
In other words, the state has been paying out money it doesn't have. And ending this nightmare of unfunded pensions now will cause "thousands of longtime SC teachers [to] quit next year."
What brainless wonder thought this system would work?
It's yet another example of how underpaying teachers is coming around to bite us.
It's going to get worse before it gets better. Look for teacher shortages at all levels next year.
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2 comments:
I dont understand your thinking that is costing so much money.. Teacher works 28-30 years.. retires...and gets retirement check. If she wants to keep teaching she will get paid to teach ( the system would have to pay someone to teach ) if the teacher didnt keep teaching she would just get retirement check - which she earned... but someone will be paid to teach her kids.. so why not her?? explain how that is double dipping? Maybe I am missing something???/
You don't really believe money is the only major reason teachers are fleeing the profession, do you?
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