{"id":227,"date":"2013-07-23T09:09:28","date_gmt":"2013-07-23T09:09:28","guid":{"rendered":"https:\/\/kweaver.org\/cs\/detroit-bankruptcy-and-pensions\/"},"modified":"2013-07-23T09:09:28","modified_gmt":"2013-07-23T09:09:28","slug":"detroit-bankruptcy-and-pensions","status":"publish","type":"post","link":"https:\/\/kweaver.org\/cs\/detroit-bankruptcy-and-pensions\/","title":{"rendered":"Detroit Bankruptcy and Pensions"},"content":{"rendered":"<p>One of the ways teachers are compensated is through pensions.  Yes, I know a lot of teachers who work well beyond retirement age \u2013 many of the really good teachers in our building are in their late 60&#8217;s and 70&#8217;s.  A few years back, we had a teacher die just before her retirement date.  In fact, we had her visitation on the day her retirement party was scheduled.  She&#8217;d been with our district for 37 years.  She was a dynamic teacher who had a lot of students who were very much attached to her.\n<\/p>\n<p>The whole pension thing is a gamble on both ends \u2013 the entity provided the pension is hoping I will die before they have to pay me.  I&#8217;m gambling that I will actually get that pension and that the money will actually be there.\n<\/p>\n<p>What really bothers me though, is when the rules are changed mid-stream \u2013 it&#8217;s happened here in Texas \u2013 so far, most of the rules have been grandfathered, but not always.  It is not fair to tell me when I am 24 that part of my compensation is a pension and then change that pension when I&#8217;m 35, 45, or worse yet, in my 60&#8217;s.\n<\/p>\n<p>So yes, it&#8217;s very bothersome to see that pensions maybe affected by government entity going bankrupt.  It&#8217;s bad enough when it is a private sector business.  Another reason not to have your pay and retirement coming from the same place.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the ways teachers are compensated is through pensions. Yes, I know a lot of teachers who work well beyond retirement age \u2013 many of the really good teachers in our building are in their late 60&#8217;s and 70&#8217;s. A few years back, we had a teacher die just before her retirement date. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-227","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/posts\/227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/comments?post=227"}],"version-history":[{"count":0,"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/posts\/227\/revisions"}],"wp:attachment":[{"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/media?parent=227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/categories?post=227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kweaver.org\/cs\/wp-json\/wp\/v2\/tags?post=227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}