March 30, 20188 yr One thing this really underscores is the importance of not relying solely on your employer sponsored retirement plan. It's imperative that people, regardless of retirement plan or career choice, invest in IRAs, Roth IRAs, and other investment instruments.
March 30, 20188 yr Why should or how could they be? They are using their sick days. But then again, school is closed. So therefore, they may not even have to use those. lol Using a sick day to protest is not a qualifying reason to use a sick day. Vacation or personal day, sure. But yes, closing a district would be a way around it.
March 30, 20188 yr Side question to all of this. Not saying it will or should happen, but are all the teachers skipping out on school today subject do discipline? Not if they use sick days. The only discipline, if the district stayed in school, and you had no sick days tehn you would be docked. There are ways around it with banked teacher sick days for others to use. In essence, you probably could but if 80% of your teachers walked out, you could fre them, but you essentially shut down the district for a long time. I don't know of any district of reasonable size that could replace their workforce quickly. There already is a teacher shortage in math, sciences, and special education. And that is nation wide. Answer is yea, but not very likely at all. Teachers know this, as well as legislators.
March 30, 20188 yr This might be a dumb question, but are private school teachers included in the state pension/retirement plan?
March 30, 20188 yr This might be a dumb question, but are private school teachers included in the state pension/retirement plan? No. You're getting warmer.
March 30, 20188 yr This might be a dumb question, but are private school teachers included in the state pension/retirement plan? This, my friend, is the unspoken reason.
March 30, 20188 yr Using a sick day to protest is not a qualifying reason to use a sick day. Vacation or personal day, sure. But yes, closing a district would be a way around it. Refer to post #43. :puke:
March 30, 20188 yr This, my friend, is the unspoken reason. Sorry. I'm not connecting the dots...:idunno:
March 30, 20188 yr Not if they use sick days. The only discipline, if the district stayed in school, and you had no sick days tehn you would be docked. There are ways around it with banked teacher sick days for others to use. In essence, you probably could but if 80% of your teachers walked out, you could fre them, but you essentially shut down the district for a long time. I don't know of any district of reasonable size that could replace their workforce quickly. There already is a teacher shortage in math, sciences, and special education. And that is nation wide. Answer is yea, but not very likely at all. Teachers know this, as well as legislators. Again, I am not saying they will be, but from an employer standpoint I assure you they have language that says sick leave is only to be used for medically related issues for yourself or dependent. This is not a qualifying event. Not trying to take away from the subject, but as an employer it's an interesting exercise. I enjoy employee, personnel, labor, etc. type stuff Carry on...
March 30, 20188 yr Actuarial analysis of its impact on Kentucky Retirement Systems, which was attached after the bill was passed last night, shows it does not save money. It fact, it will cost $3.3 billion more for the state pension systems and $1.7 billion more for the local pension systems over the next 35 years. The added costs are because the plan resets the 30-year period used to pay off the liabilities to start in 2019 rather than 2013, lowering annual payments slightly but resulting in more costs over the entire period. The ability to reset the 30-year period shows that an urgency to pay off unfunded liabilities and repeated claims of imminent insolvency in the plans were unfounded. Last Minute Pension Bill Ends Protections for New Teachers, Cuts Benefits - KY Policy
March 30, 20188 yr Actuarial analysis of its impact on Kentucky Retirement Systems, which was attached after the bill was passed last night, shows it does not save money. It fact, it will cost $3.3 billion more for the state pension systems and $1.7 billion more for the local pension systems over the next 35 years. The added costs are because the plan resets the 30-year period used to pay off the liabilities to start in 2019 rather than 2013, lowering annual payments slightly but resulting in more costs over the entire period. The ability to reset the 30-year period shows that an urgency to pay off unfunded liabilities and repeated claims of imminent insolvency in the plans were unfounded. Last Minute Pension Bill Ends Protections for New Teachers, Cuts Benefits - KY Policy Kicking the can to the districts and down the road both.
March 30, 20188 yr Again, I am not saying they will be, but from an employer standpoint I assure you they have language that says sick leave is only to be used for medically related issues for yourself or dependent. This is not a qualifying event. Not trying to take away from the subject, but as an employer it's an interesting exercise. I enjoy employee, personnel, labor, etc. type stuff Carry on... Schools often have broader criteria for sick days. Ours extends to other members of the family like parents/grandparents. So many if needed could find a legit reason if needed. Now one things teachers do have to do is sign an affidavit about their sick day.
March 30, 20188 yr Actuarial analysis of its impact on Kentucky Retirement Systems, which was attached after the bill was passed last night, shows it does not save money. It fact, it will cost $3.3 billion more for the state pension systems and $1.7 billion more for the local pension systems over the next 35 years. The added costs are because the plan resets the 30-year period used to pay off the liabilities to start in 2019 rather than 2013, lowering annual payments slightly but resulting in more costs over the entire period. The ability to reset the 30-year period shows that an urgency to pay off unfunded liabilities and repeated claims of imminent insolvency in the plans were unfounded. Last Minute Pension Bill Ends Protections for New Teachers, Cuts Benefits - KY Policy That really hits home on how shady it all was.
March 30, 20188 yr Kicking the can to the districts and down the road both. I didn't think this could get worse, but the more info that comes out the worse it gets.
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