(Total Views: 69)
Posted On: 02/27/2017 5:51:49 PM
Post# of 51525
Yes ...
Michigan for one. You can't pay on average 64 k per year for 9 months of work. Then pay out 80% of that after 30 plus benefits...then get a social security check on top of that.
I know a couple taught 30. 52 now drawing full teacher retirement and now have moved on to the State. If they buy in at 5 then at 67 they will get between the 3 close to $125k each in retirement pay. Who gets to pay for that if retirement funding is at 10%?
Michigan for one. You can't pay on average 64 k per year for 9 months of work. Then pay out 80% of that after 30 plus benefits...then get a social security check on top of that.
I know a couple taught 30. 52 now drawing full teacher retirement and now have moved on to the State. If they buy in at 5 then at 67 they will get between the 3 close to $125k each in retirement pay. Who gets to pay for that if retirement funding is at 10%?
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
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