Is that in your employer’s retirement package?
Or do you get a cake at the office and your friends get a little time to wish you well, plus whatever is in your 40l(k)?
The “post-retirement lump sum payment of $20,000” appears on page 27 of the 2008-2011 Cary teachers union contract, a result of public employee collective bargaining.
Take a look:
The language in the contract between the Cary School Board and the Cary Education Association.
"Don't sell out children," the Madison sign says.
Collective bargaining is what the fight is about in Madison, Wisconsin.
Take another look at the specific language that the financially-strapped Cary Grade School District 26 School Board negotiated with the Cary Education Association:
2. A post-retirement lump sum payment of $20,000 to be paid after the certified staffmember’s last day of creditable service and after the last paycheck for regular earnings (after July 1st of retirement year) as a non-elective employer paid contribution into a post-retirement tax sheltered 403(b) annuity.
Former Huntley School Board member Larry Snow is writing for The Champion and his latest column, entitled,
“Federal Union Employees Don’t Have Collective Bargaining for Wages or Benefits”
cites some local results of collective bargaining for teachers.
He has other examples in the contract which might be a bit more lucrative than your own workplace experience would offer.
Snow also finds an interesting retirement benefit for Barrington School teachers. It’s on page 45 of the 2009-2012 contract.
Barrington teachers get a retirement bonus of $1,200 for every year they taught.
That “service recognition benefit” maxes out at $39,600 upon retirement.
Wait a minute, doesn’t this money go for the kids or at least to an orphanage?
Organized greed is legal in Illinois and Democrats are glad to fill the unions’ coffers who give some of it back as campaign cash.
Keep on digging guys…. this stuff just gets more unbelievable every day.
Why would a school board member in their right mind ever agree to a contract that included these perks?
I just retired after 40 years with the same company and didn’t see anything that even comes close to any of these deals, but then again I worked for a private company which needs to turn a profit for the shareholders.
Cal,
Aren’t you collecting a pension that is being paid for by the taxpayers?
Have you heard the one about people who live in glass houses?
Why is okay for you to retire funded by the taxpayers but not those who educate our children, keep our streets safe, or fight fires?
Hypocritical a little?
Not a Grafton Resident: Tell us how much of a lump sum payment Cal got for retiring?
How ridiculous is it for teachers to get 23 sick days EVERY year?
Or for a teacher to earn a year’s paid salary and benefits sabattical for working in a district for 6 years.
You: I have a great idea then. Let’s put it out there for every teacher to only make minimum wage and get no health insurance or other benefits. I’m not a teacher but HIGHLY respect those who are in charge of educating my children and the future of our nation. Do you want the educational system to get worse and the US to end up lower and lower in the quality of education we provide to our children? I agree there are flaws but education is crucial to our children’s futures!
And I don’t care if Cal got a lump sum or not. He has retired on the taxpayer’s dime with a better income now then most of the middle class (what little of the middle class is left). Make the politicans take a pay cut.
Not a Grafton Resident agrees “there are flaws” as if it’s only a flaw and not a disaster that more than 30 percent of student nationwide don’t graduate from high school and all the teachers along the way are incapable of teaching them to stay in school.
It’s more than a “flaw” that of the kids who graduate from high school and try to get into the military, 25 % of them fail the test.
The idea we should “highly respect” a group of people who can’t teach so many millions of students is horrible. They promote the kids along even when they can’t read two grades below material. Then act surprised they can’t learn anything in 9th grade when they can’t read at 5th grade.
Worse, you want us to respect people who refuse to allow truly horrible tenured teachers be fired. Poor children get taken advantaged of the most all in the name of selfishness.
Cal, keep throwing stones when you know you should not. Is it Glasshouse Cal or Gashouse Cal?
Go away Larry Snow. Any man that DOES NOT buy auto insurance should crawl back under his snowy rock.