tag:blogger.com,1999:blog-9025948832913694345.post6075269728169894064..comments2024-03-22T02:15:56.280-07:00Comments on Jersey Jazzman: Teacher Pensions: The Stupid Keeps On Comin'Dukehttp://www.blogger.com/profile/16535645107179796099noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9025948832913694345.post-19198201314552995592013-08-21T09:47:24.622-07:002013-08-21T09:47:24.622-07:00David Cay Johnston makes the point that public sec...David Cay Johnston makes the point that public sector defined benefit pensions are not some kind of gift but that they are fully paid for by the public workers in the form of deferred compensation. NJ teachers have paid billions into the pension fund over the decades, their pension is not some gift, the teachers pay for this benefit, it's taken out of each and every paycheck. Christie Todd Whitman borrowed from the pension fund to give tax breaks to the rich and sadly most of the governors, D or R, put little to nothing into the pension fund and that is the source of the problem, not teacher greed or a supposedly too rich pension. So now the teachers will have to pay the price for the nonfeasance of the politicians.giuseppehttps://www.blogger.com/profile/13445832057107337104noreply@blogger.comtag:blogger.com,1999:blog-9025948832913694345.post-71121258936301470192013-08-21T07:50:48.877-07:002013-08-21T07:50:48.877-07:00These mostly libertarian billionaires are determin...These mostly libertarian billionaires are determined to turn teachers into de-unionized at will employees with few or no benefits and no pensions. They want to eliminate defined benefit pensions and replace them with crappy defined contribution pensions, bogus 401(k)s or nothing because workers in the private sector don't have pensions so why should those uppity teachers. But wait there's more, the corporate elites (like Pete Peterson, the Koch brothers and the rest of these libertarian robber barons) want to eliminate Social Security, too.giuseppehttps://www.blogger.com/profile/13445832057107337104noreply@blogger.com