457 B plan does not exist for the private sector. Most non qualified plans are designed for highly compensated key executives in order to get around certain limits that the average worker is subject to.

 

457b non govermental plans are for private tax exempt organzations.

 

Highly compensated employees is defined by 125k the last time i checked IRS guidelines so it can include a larger pool than you think with some companies.

457b non govermental plans are for private tax exempt organzations.

 

Highly compensated employees is defined by 125k the last time i checked IRS guidelines so it can include a larger pool than you think with some companies.

 

A 457b is used at most health systems for Doctors and other highly skilled health care professionals.

 

Does the KY system offer a Deferred Comp option like Ohio?

I love teachers and what they do. But i'm sorry the exaggeration needs to stop.

 

First of all total respect for those that teach our children. Just been tossing out some points about choices we make in our lifetime.

This is the same plan that will affect fireman and policemen, yet there is no crying for them? I’m not keen on the idea of a fireman now having to work till he is 60 and pulling my fat butt out of a burning building.

 

I do not like the idea that they changed the plan in the middle of many careers. That’s wrong, but it happens. It has happened to me.

 

In the last few years, I’ve had my company car taken away, my match to my 401K has been decreased, benefit costs to me have gone up. If I’m dissatisfied I need to get out! And if these teachers are really in it for the kids and not the money, why are they protesting by taking a day off?

 

Can’t wait for Easter tomorrow. I have several family members in the profession. It will be intersting to hear the take on the one who just retired from a catholic grade school versus the young one who just started teaching in a public school. I’m sure I’ll stir the pot just like I did on hear today.

They took your company car? The shame of it. They are trying to take money that funds buses to schools. This is not and has not been just about pensions. This outcry has been about A LOT more.

 

I have no idea why police and firemen are not making their voices heard. I have no idea why they aren’t upset that the state his law that affects them in a Water bill. I have no idea why more state workers aren’t upset.

 

I do know why teachers are upset. I know why they are voicing their opinions. I know why they are willing to fight.

 

As too why take a day off to protest? It currently appears to be one of the only ways to get the state to listen or to even acknowledge them. A group that over the past few weeks have been the subject of name calling and belittled by the state government.

I would think a teacher would need patience and the ability to relay information to large groups of people. Retain knowledge in the discipline they teach and a sense of compassion.

 

Why do you feel like the only skill set or job one can compare it to in the private sector is private schools?

 

Ever been a manager or in charge/responsible for the production of a group?

Why do you feel like the only skill set or job one can compare it to in the private sector is private schools?

 

Ever been a manager or in charge/responsible for the production of a group?

 

Yes. I'm sure teachers with proper training could excel in other jobs. But the only job I think correlates in most corporations I deal with would be Learning and Devolpment or trainers. A lot of former teachers are in those roles across corporate America.

Double post

I know this has happened often in the private sector and it has been confirmed in this thread. I refuse to accept it as just a part of life. Workers from the private sector should join their public brethren and air their grievances on how the working man and woman is being treated and demand better. However this does not seem to be the case. Instead we are all pitted against each other fighting over the scraps while the fat cats sit back reaping all of the reward. I was taught and teach my children that you should stand up for what you believe, if you don't do so you have no business whining when change does not happen or things don't go your way. You may not get the outcome you hope for, but at least you let your voice be heard.

Yes. I'm sure teachers with proper training could excel in other jobs. But the only job I think correlates in most corporations I deal with would be Learning and Devolpment or trainers. A lot of former teachers are in those roles across corporate America.

I think this is where part of the disconnect is. People outside of education not understanding the skill sets teacher possess. They short change the knowledge that many teachers do have. They lack the knowledge that a number of people in education started out with undergrad degrees not in education and then acquired a masters degree in education to allow them to teach. They are unaware of the classes that those that did acquire an undergraduate degree in education took. It is very clear that there is a lack of understanding of what skills teachers in general possess.

 

Now granted in all occupations you have a few that you wonder how they got the job.

I think this is where part of the disconnect is. People outside of education not understanding the skill sets teacher possess. They short change the knowledge that many teachers do have. They lack the knowledge that a number of people in education started out with undergrad degrees not in education and then acquired a masters degree in education to allow them to teach. They are unaware of the classes that those that did acquire an undergraduate degree in education took. It is very clear that there is a lack of understanding of what skills teachers in general possess.

 

Now granted in all occupations you have a few that you wonder how they got the job.

 

Noone is devaluing there knowledge but acting like a teacher could walk into other fields without proper training or experience devalues other career choices. Teaching would not prepare you for my field.

 

I've never criticized teachers knowledge, ability or them as individuals. My points were simple .

 

1. You can't compare teachers to other professions because what they do on daily, responsibilties are different. Also the incentive of the organzation they work for differ from for profit organzation.

 

2. Benefits have changed dramatically across the private sector the last 20 years. It is just catching up to the public sector. A major factor is something none of us can control and that is how drastically life expectancy has changed.

Noone is devaluing there knowledge but acting like a teacher could walk into other fields without proper training or experience devalues other career choices. Teaching would not prepare you for my field.

 

I've never criticized teachers knowledge, ability or them as individuals. My points were simple .

 

1. You can't compare teachers to other professions because what they do on daily, responsibilties are different. Also the incentive of the organzation they work for differ from for profit organzation.

 

2. Benefits have changed dramatically across the private sector the last 20 years. It is just catching up to the public sector. A major factor is something none of us can control and that is how drastically life expectancy has changed.

 

The problem with your #2 is these pension systems would be solvent with the proper contributions.

 

The state govt chose to borrow and not contribute affecting. It was the easiest Peter to rob from, so to say the systems can’t work in today’s world isn’t entirely true.

The problem with your #2 is these pension systems would be solvent with the proper contributions.

 

The state govt chose to borrow and not contribute affecting. It was the easiest Peter to rob from, so to say the systems can’t work in today’s world isn’t entirely true.

 

Again the acturial cost of the old Final Average Pay Pensions is absurd. From a financial standpoint it's irresponsible to the tax payers not to go the route of DC plans and Cash Balance pensions. The reason corporations got away from them it wasn't that they couldn't pay them then it was the sustainability of them moving forward. When these pensions first hit the market across the country life expectancy was drastically lower. The right decision isn't always the popular decision.

Pendleton County is out Monday.

There's a home school for heart surgeons?

 

:lol2:

My point is one can respect what teachers do as I do most proffessions , without the hyberbole of making it sound like brain surgery.

 

 

As as are most jobs that aren’t brain surgery. I’m sure you expect people to respect your knowledge and skill at whatever it is you do. You are hell bent on belittling the skills needed to teach. The impression you give is you feel it is very low in the hierarchy of professions.