Originally posted by
Lee Chowaniec:
http://www.buffalonews.com/incoming/article79231.ece
Today's Buffalo News article helps one better understand why the Lancaster Central School District told teachers near retirement why they could not afford to pay for their enrollment in Part A of the New York State Retirement System. The upcosts to the school district and ultimately to the taxpayer would have been significant.
I guess that $30,000 incentive offered by the school district paled in comparison to the hundreds of thousand of dollars that could have been realized by retiring teachers placed in Part A.
How many of you out there in the private sector are getting $30,000 incentives to retire early, get full pensions that average about $50,000 per year and Social Security benefits as well?
And on top of that you can find further employment, and sometimes back in your teaching profession.