Tuesday, January 25, 2011

Champion News

Champion News
"We have an example of an $189,000/yr music teacher who pulls down a $130,000 pension at age 55 after contributing less than a self-employed music teacher would contribute to Social Security for a pension of $21,000 at age 62 here: Teacher Contributes Less for His $130K Pension Than You Do for Your $21K Social Security.

Here's a story of a $75,000/yr kindergarten teacher with a pension of $155,000/yr.
Pension Insanity: $75,000 Salary Turns Into $155,000 Pension for One Kindergarten Teacher.

Or how about a $1 million dollar payout for two high school teachers to retire early?

$1 Million Payout to Two Teachers Proves Schools Should Pay for Pensions, Not the State.

And finally this one explains why pensions cost so much: Teacher's 41% Salary Increase Costs Taxpayers $1.3 Million in Extra Pension Payments."

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