Ms. Sizmore's analysis leaves much to be desired. Does she think the first dollar that was contributed to the pension by teachers 30 years ago was the same dollar of today? Over $3 today is needed to buy what $1 bought in 1980! Additionally what happened to the 72 rule? Shouldn't have the $186,000 dollars grown substantially over a 30 year period? (That is of course assuming it wasn't stolen or mismanaged by the State).
Also where does that $2.5 M come from for the "average" member? Over how many years is that paid? Must I live to be 100 in order to claim that amount in retirement?? I personally know of numerous members that never collected a dime! They died on the job!!
And to continue, our Supreme Leader called pension members "greedy and selfish". Well just read on and you decide if the pot is calling the kettle black? (Keep in mind that his wife was employed by one to the NJ Pension Fund managing corporations with a salary of $400K+)
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