Is it true that California Teachers do not pay into Social Security and are not entitled to Social Security Re?

Wilburn Denice: Why blame the conservatives back, at the same time as in case you've been to study this technique, and the way it became initially set up, and how the liberals have screwed round with it for years, you purely may replace your way of wondering. the unique idea from FDR,a liberal democrat, became to extract money from the commonly used public throughout an excellent melancholy, at the same time as few could manage to pay for further taxes. He slipped this by utilizing the commonly used public by utilizing convincing them it became a retirement fund, some thing exceptional in lately, and a actual Ponzi scheme observed, as he set the retirement age at sixty 5, at the same time as the life expectancy became purely fifty seven for adult adult males, and fifty 9 for females, so purely an exceedingly few were predicted to collect. He also made it into regulation that purely the congress could use the money, yet had to pay back with interest into the fund regardles! s of became borrowed. He also set a decrease on the money which could be held in believe, yet quite than supply up gathering at the same time as the decrease waas reached, they then began to distribute money of the fund to those no longer paying into or deserving, and theat's the very reason the fund is going broke on the prompt. Liberal supply away of you money....Show more

Sammy Kar: Yes, that is true. That's one reason they are fighting so hard for their pensions. In California, most educators belong to the California State Teachers’ Retirement System (CalSTRS), the second-largest public retirement fund in the country. The retirement fund is not a taxpayer giveaway, as critics have charged. Over the span of their careers, CalSTRS members contribute 8 percent of their monthly pay to help finance their retirement. Employers kick in an equal 8.25 percent of monthly pay, the state contributes a little more than 2 percent (which previously was 4.7 percent but was redu! ced a decade ago, saving the state over $3 billion), and the r! eturns garnered by CalSTRS investments do the rest....Show more

Wally Gower: To follow up on Mr. Placid's comment, the provision he discusses is called the "Windfall Elimination Provision," as if it was a "windfall" for people who earned social security benefits actually to get them. Of course, if they had been unemployed instead of working as public servants, their social security would not have been reduced, so the "windfall" seems to be to government, which both gets their services and reduces their retirement. And this is not just teachers, but applies to many public employees in California....Show more

Gregory Dilg: That's true.And, if such a teacher worked in the private sector for, say, 15+ years before becoming a teacher, and paid into Social Security, the teacher will be eligible for Social Security benefits, but at a vastly reduced rate.Social Security sucks....Show more