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Just wait until the "middle class" under 40 figure out they got scammed.

Pensions were the middle class golden ticket to an actual retirement for anyone not wealthy or making big dollars. Social Security will collapse or get drastically scaled back long before anyone under 40 qualifies. Unless you are making 6 figures and maxing out your IRA, Roth and 401(k)+ other investments you will have to work until you die. (Personally, I would need to contribute over 1/3rd of my GROSS yearly salary from now until 65 to even think about retiring..unless I want to eat ramen).

(In response to this post by Hokie CPA)

Posted: 04/09/2018 at 4:11PM

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Current Thread:

This teacher walkout thing is going to go on for a while. -- King Jaffe Joffer 04/09/2018 1:46PM

Explained by the NEA General Councel -- TechMomof2 04/09/2018 5:15PM

That was a grate convention... -- Newt 04/09/2018 6:10PM

Did you have time for the Animal Parks? -- TechMomof2 04/09/2018 10:08PM

No. Very little downtime -- Newt 04/09/2018 10:13PM

I've been meaning to ask you... -- Gobble Gobble 04/09/2018 4:10PM

I've always wanted to tell him..... -- Freddyburg Hokie 04/09/2018 4:53PM

On the other hand... -- Hokie in CT 04/09/2018 3:30PM

Government and Car manufacturers. -- Hokie CPA 04/09/2018 3:42PM

Government pension is pretty trivial by itself. 1.1% of high 3 for each yr ** -- Hokie Bird 94 04/09/2018 5:32PM

Serious Question: Based on your experience, do most companies -- Newt 04/09/2018 4:47PM

They are required to fund the present value of future benefits. -- Hokie CPA 04/09/2018 5:09PM

Translation...the use an accounting trick to avoid paying the real cost? ** -- CPRVHokie 04/09/2018 6:19PM

No, they don't, which is why the USPS has a legit gripe ** -- 133743Hokie 04/09/2018 5:08PM

Just wait until the "middle class" under 40 figure out they got scammed. -- Naelbis 04/09/2018 4:11PM

Those harbour freight sale papers would be a$$ high at the post office ** -- bigbadbird 04/09/2018 3:46PM

Flats (junk mail) would pile up. -- Hokie CPA 04/09/2018 3:57PM

Would like to see an adjusted salary/benefit number, over a lifetime -- HWA 04/09/2018 3:08PM

They aren't underpaid. Summers off, long holidays, great benefits -- VaAkita 04/10/2018 12:04AM

As one of those 57 year-old retirees from public school education... -- Newt 04/09/2018 4:42PM

Good reply, good info. Appreciate it! ** -- HWA 04/09/2018 8:07PM

Grate post. Don't agree with all of it, but that's OK. ** -- CPRVHokie 04/09/2018 4:50PM

That would be fair -- RTFC 04/09/2018 3:31PM

I'd like to see that same breakdown adjusted for cost of living by city -- Hokie5150 04/09/2018 3:27PM

Everyone can just homeschool ** -- bigbadbird 04/09/2018 2:54PM

The place the salary is coming from is not infinite, there is a cap -- fordham 04/09/2018 2:24PM

Or actually grow your tax base.... Some states have done that. ** -- UTPr0sim 04/09/2018 6:12PM

Yes of course, new business creation will do that but the higher taxes -- fordham 04/10/2018 11:10AM

The trade off has always been you won't get paid much but you don't have to -- CPRVHokie 04/09/2018 2:41PM

Everyone entering adulthood know in general what jobs make what per year -- fordham 04/09/2018 4:37PM

Are teachers really paid that much less than comparable jobs in the private -- Hokie5150 04/09/2018 2:53PM

Yes -- RTFC 04/09/2018 3:33PM

I think everyone thinks they are not paid enough, who says they are? ** -- fordham 04/09/2018 4:32PM

Don't forget those government benefits. -- Hokie CPA 04/09/2018 2:49PM

It doesn't help the conversation when you describe their position as -- CPRVHokie 04/09/2018 3:00PM

Of course they're hard working and dedicated. All I'm saying is they need -- Hokie CPA 04/09/2018 3:15PM

Most schools don't let out -- RTFC 04/09/2018 3:41PM

Meh... throw in those Winter and Sprink Break weeks and it gets close -- Hokie CPA 04/09/2018 3:48PM

I get 5 weeks. As do all my coworkers ** -- CPRVHokie 04/09/2018 4:00PM

That's a helluva company for which you work. -- Hokie CPA 04/09/2018 4:04PM

Same with my previous two employers. It appears you're making judgements -- CPRVHokie 04/09/2018 5:07PM

5 weeks is well above the national average... -- Hokie5150 04/09/2018 5:48PM

At 5 years, the average of PTO is 4 weeks and at 10 yrs it’s at 5 weeks -- CPRVHokie 04/09/2018 5:58PM

I must have worked for the wrong companies in my career, most I ever had -- fordham 04/10/2018 11:12AM

Huh. I have 5 weeks of vacation and 10 days of sick. -- CPRVHokie 04/10/2018 9:18PM

I was only taking issue with your characterization of their grievance as -- CPRVHokie 04/09/2018 3:23PM

There. Is that better? ** -- Hokie CPA 04/09/2018 3:25PM

I cant stand unions -- vt_mughal 04/09/2018 1:58PM

What about gym teachers? don't they just play dodge ball all day? ** -- bigbadbird 04/09/2018 2:55PM

Do away with the NEA and federal mandates. Let the local school districts -- Hokie CPA 04/09/2018 2:01PM

NEA or NEA? -- Newt 04/09/2018 3:46PM

Yes. ** -- Hokie5150 04/09/2018 4:02PM

**** -- Beerman 04/09/2018 2:59PM

Can Feds be involved in making sure Hicksville, MS actually educates its -- CPRVHokie 04/09/2018 2:39PM

Do away with the Department of Education and push that $65B annual budget -- BayHokie 04/09/2018 2:11PM

This. ** -- Hokie5150 04/09/2018 2:54PM

Where do you think that money is currently going? ** -- CPRVHokie 04/09/2018 2:38PM

60% of it goes to Pell Grants and student loans so -- MAHokie69 04/09/2018 2:33PM

Complete side statement -- HokieForever 04/09/2018 3:07PM