Wednesday, March 18, 2009

Teacher Pension problems

Teacher Pension problems
"Ever since she stopped teaching in 2001 after 37 years in Collinsville classrooms, Ann Moss has received a steady stream of pension money to support her retirement years.

But with a recession gaining steam and a state budget shortfall surging past $9 billion, Moss, 62, of Collinsville, is thinking about what will happen if the payments from Springfield somehow slow down - and the fate of future teachers if the investments dissolve even more.

'If everything tanks, everybody's going down with you,' she said recently."

No comments: