tag:blogger.com,1999:blog-10348701.post3062476468463568071..comments2024-03-13T21:26:03.011-07:00Comments on Right on the Left Coast: Views From a Conservative Teacher: California State Teachers Retirement SystemDarrenhttp://www.blogger.com/profile/15730642770935985796noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10348701.post-89107151567682271462014-04-05T00:40:49.493-07:002014-04-05T00:40:49.493-07:00This is why I don't bother looking for teachin...This is why I don't bother looking for teaching jobs in Cali...pseudotsuganoreply@blogger.comtag:blogger.com,1999:blog-10348701.post-64076722744326835652014-04-04T19:14:57.556-07:002014-04-04T19:14:57.556-07:00Let's be fair. CA teaches and state employees...Let's be fair. CA teaches and state employees don't pay in to FICA ... which is also going bankrupt. These employees pay the same percent of tax, but they are completely separate. Thing is? For a very, very long run, both organizations were virtual investment wizards, outperforming most mutual funds. Now, with the stock market crash and gradual recovery? They are in trouble. But at least their pay offs are based on something real-ish. Social Security just comes from the government ... no questions asked.maxutilshttps://www.blogger.com/profile/11294262473781967372noreply@blogger.com