Comments on: Steven Greenhut Hosts KFI Talk Show on Sunday

By: Travis Kiger

Travis Kiger — Sun, 29 Nov 2009 17:48:37 +0000

Minard, CalSTRS is so deep in the hole that it will need to increase contributions by 75% next year.

Even before the stock market crash, CalSTRS had an estimated “unfunded liability” of $22.5 billion over the next three decades.

So Minard, where is that money going to come from?

By: Minard Duncan

Minard Duncan — Sun, 29 Nov 2009 08:15:29 +0000

I hope Steve does not lump the State Teachers Retirement System with the Public Employees Retirement System and the other retirement systems because CalSTRS is much different from CalPERS and other systems. The average CalSTRS retiree works 29 years and receives $2,700 per month retirement pension. Before retirement each retiree contributed 8% of their salary to CalSTRS. Educators do not receive Social Security.
1% of retirees do receive $100,000 or more in retirement-mainly high paid superintendents. The State contributes approximately 4.5% to the CalSTRS fund which is much lower than most systems.

By: Rain

Rain — Sat, 28 Nov 2009 18:34:14 +0000

If we cut every government employee’s pay and benefits by 50% not one of them would quit, because none of them is worth even half of their compensation and couldn’t get a regular real job anywhere.

In the case of the government schools’ union teachers you could cut their pay by 90% and not one would quit because they are all ten times overpaid – FOR THE PROPAGANDA MONGERING THAT ACTUALLY CONSTITUTES THEIR ENTIRE STUPID JOBS, as they steal the educational opportunities and morality from children.