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From: Vito
Date: 03 Sep 2010
Time: 15:10:28 -0700
Remote Name: 68.239.28.12
My point is to question the 80% pension being paid for solely by the teachers. A teacher graduates from College at 22 and works until 55 when the teacher retires at 80% of salary. The teacher worked for 33 years. Then after retirement the teacher lives another 30 at 80% of their salary. It is mathematically impossible that the teacher paid for 100% of his/her retirement. The plan is too rich for the taechers working now to be paying for the retired teachers. Social Security doesn't even pay close to 80% of salary and it is on the verge of bankruptcy. The teacher's pension plan has to have some other sources of revenue - endowment's etc.