tag:blogger.com,1999:blog-4289345346387194350.post1131541839971327491..comments2023-06-24T10:52:34.846-04:00Comments on EducateHilliard.com: Who’s Taking the Risk?Paulhttp://www.blogger.com/profile/05960574627644930183noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4289345346387194350.post-88274604538950935422008-06-09T18:11:00.000-04:002008-06-09T18:11:00.000-04:00This is an issue much greater than Hilliard or the...This is an issue much greater than Hilliard or the teaching profession overall. The private sector woke up years ago to the fact that it could no longer afford to allow someone to retire in their 50's with 30 years of service and support them with a pension and health care for a 20+ year retirement. Global competition can no longer support such benefits. It was a painful transition, but the traditional pension is all but dead for most private employers now.<BR/><BR/>This same issue will eventually face public sector employees, including teachers, in the years to come (as Paul's article describes). I think there will be friction in the future from the general tax-paying public when they see themselves working well into their 60's or later while some of their public sector neighbors have retired years before.<BR/><BR/>I think it is very interesting that the debate going on right now with the levy is an issue forced by the fact that schools by law cannot operate in a deficit (which is a good policy). Makes me wonder how the Social Security and Medicare debates in our country would be different if the federal government had to operate under the same rules.<BR/><BR/>THanks for the good work Paul.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4289345346387194350.post-9256481754218804082008-06-09T11:38:00.000-04:002008-06-09T11:38:00.000-04:00HB315 has no chance in this legislative session. T...HB315 has no chance in this legislative session. <BR/><BR/>There is no statuatory requirement for STRS to fund health care. None at all. STRS does it because they can. As soon as they can't, they won't. <BR/><BR/>Lack of health care changes retirement behavior. Teachers who would otherwise retire will stay on until Medicare kicks in. Districts desperate for expensive teachers to leave might have to offer additional incentives to counter STRS' inability to pay health care benefits. It really is a nasty cycle of dependency.Anonymousnoreply@blogger.com