http://washingtonexaminer.com/exogra...rticle/2533338
Think your federal taxes will go up? Sure, but the bite will also skyrocket at the local and state level. All politics are local. We need to tame the pension monster before its too late.
By the way the figures do not include teachers or any employees in the education system
.
I spoke to a young teacher who works part time for me in the Washington, D.C. area. Teacher salaries are very high in this area, but their is also a pension trick they are using. Teachers in Fairfax County, Virginia and Montgomery County, Maryland can both retire after 30 years with 60% of salary at as young as 51! Some are making close to $100K by retirement. Soon after retirement they cross the river to the other county and get a top salary and earn another pension!
How are taxpayers going to support $60K indexed to inflation pensions for 51 year olds who might live another 40 years? There is no way the math can work.
http://www.montgomeryschoolsmd.org/uploadedFiles/departments/ersc/employees/pay/schedules/Salary_Schedule_FY2014.pdf
Think your federal taxes will go up? Sure, but the bite will also skyrocket at the local and state level. All politics are local. We need to tame the pension monster before its too late.
By the way the figures do not include teachers or any employees in the education system

I spoke to a young teacher who works part time for me in the Washington, D.C. area. Teacher salaries are very high in this area, but their is also a pension trick they are using. Teachers in Fairfax County, Virginia and Montgomery County, Maryland can both retire after 30 years with 60% of salary at as young as 51! Some are making close to $100K by retirement. Soon after retirement they cross the river to the other county and get a top salary and earn another pension!
How are taxpayers going to support $60K indexed to inflation pensions for 51 year olds who might live another 40 years? There is no way the math can work.

http://www.montgomeryschoolsmd.org/uploadedFiles/departments/ersc/employees/pay/schedules/Salary_Schedule_FY2014.pdf
Comment