The in box. Risky Business: Living In Our “Golden Years” Without The Gold.
It would be nice if all of us ended up living in a retirement world where it was always “Five O’Clock Somewhere” instead of “Zero – Dark -Thirty” everywhere.
Jim Keating, DuPage Illinois Retired Teachers Association newsletter
Recently, the IRTA foundation sent out a letter saying that it pays the bills for “retired teachers who devoted their lives to teaching but cannot maintain the lifestyle dignity to which a retired teacher is entitled.” Most of us here in DuPage County may join them if the state legislature eventually eliminates our COLAs. That seems to be their goal. Ever wonder what life would be like if they actually did take away our COLAs?
Because we worked as educators we were paid less than others with the same educational skills, talents, and levels of creativity as we had. We probably retired with a less generous pension than they did too. That’s fine. Today, we are fine. We live in the greater DuPage area and probably have a pension similar to our neighbors,(solidly middle class for this area, our occupational skill level and level of education), and a COLA that allows us to maintain that buying power. Without the
It would be nice if all of us ended up living in a retirement world where it was always “Five O’Clock Somewhere” instead of “Zero – Dark -Thirty” everywhere.
Jim Keating, DuPage Illinois Retired Teachers Association newsletter
Recently, the IRTA foundation sent out a letter saying that it pays the bills for “retired teachers who devoted their lives to teaching but cannot maintain the lifestyle dignity to which a retired teacher is entitled.” Most of us here in DuPage County may join them if the state legislature eventually eliminates our COLAs. That seems to be their goal. Ever wonder what life would be like if they actually did take away our COLAs?
Because we worked as educators we were paid less than others with the same educational skills, talents, and levels of creativity as we had. We probably retired with a less generous pension than they did too. That’s fine. Today, we are fine. We live in the greater DuPage area and probably have a pension similar to our neighbors,(solidly middle class for this area, our occupational skill level and level of education), and a COLA that allows us to maintain that buying power. Without the
The bond markets are betting on a pension bill. But don’t bet on it.
From Jim Broadway’s authoritative Illinois School Policy Updates (subscription only).
By Naarah Patton for State School News Service
Just a week before the 2013 spring session of the Illinois General Assembly is scheduled to adjourn, bond markets are apparently predicting that the legislators may achieve something in the next seven days that has eluded them for seven decades – pension “reform.”
Bloomberg calls it a “rally.” Taxable Illinois pension-obligation bonds matured this month at their most favorable rate since August of 2011, the financial news publication reported. “I would think
The most loathsome politician in America.
On her blog Diane Ravitch asks, “Who is the most loathsome man in American politics?”
And then she answers the question.
Rahm Emanuel.
Is that a low or a high bar? I can never remember.
I mean there are so many loathsome ones to pick from.
Illinois seems to produce more than we are entitled to.
But when he issued the order to his toadies on the Chicago school board to shutter 50 public schools, he earned
And then she answers the question.
Rahm Emanuel.
Is that a low or a high bar? I can never remember.
I mean there are so many loathsome ones to pick from.
Illinois seems to produce more than we are entitled to.
But when he issued the order to his toadies on the Chicago school board to shutter 50 public schools, he earned