tag:blogger.com,1999:blog-10348701.post111749737221113189..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.comBlogger5125tag:blogger.com,1999:blog-10348701.post-88823834432647523252011-02-21T08:28:20.056-08:002011-02-21T08:28:20.056-08:00I am an administrator in California and I need to ...I am an administrator in California and I need to let you know that your computations regarding you as a 62 year old after 30 years of teaching equaling the retirement pay of you as a 52 year old assuming 30 years of teaching. Currently a 52 year old with 30 years of teaching takes a major early retirment penalty (1.2% factor)with the addition of a .2% bonus bringing the total factor to 1.4% for each year of teaching. This would equal a retirement of about 42 percent of your highest single year of earnings. The 62 year old example after 30 years would have a retirement based on 2.4% for each year of teaching equaling a 72% retirement on the highest year of earnings. Big difference even if you take into account the fact of recieving benefits 8 years early.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10348701.post-70062524412620635782007-03-06T17:27:00.000-08:002007-03-06T17:27:00.000-08:00I have no knowledge of this at all!I have no knowledge of this at all!Darrenhttps://www.blogger.com/profile/15730642770935985796noreply@blogger.comtag:blogger.com,1999:blog-10348701.post-1139007223344458972006-02-03T14:53:00.000-08:002006-02-03T14:53:00.000-08:00I just found another way some members of STRS are ...I just found another way some members of STRS are increasing their pensions. I know of a school district that has recently added the costs of their benefits into the salary schedule. For example, a teacher making $35,000 + also receiving $ 15,000 in benefits can add the cost of the benefits for that their salary is now $ 50,000 for the sake of retirement calculations. Is your District doing this? Do you know of any negatives?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10348701.post-1118347978368974892005-06-09T13:12:00.000-07:002005-06-09T13:12:00.000-07:00Not a good enough reason for me to move to Ohio, b...Not a good enough reason for me to move to Ohio, but I'll file it away....Darrenhttps://www.blogger.com/profile/15730642770935985796noreply@blogger.comtag:blogger.com,1999:blog-10348701.post-1118247206407522042005-06-08T09:13:00.000-07:002005-06-08T09:13:00.000-07:00I'm in that exact situation, as is my husband. Wo...I'm in that exact situation, as is my husband. Worse, current teachers in Ohio can retire, collect their pension, and turn right around and teach for another few years, qualifying for ANOTHER PENSION!<BR/><BR/>How come THAT isn't considered double-dipping?Linda Foxhttps://www.blogger.com/profile/15024201252345608291noreply@blogger.com