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OT: American Politics

Re: OT: Canadian Politics

#2 very, very few teachers are going to retire or make any kind of retirement decision based on a 1-time taxable payout of $5k, and you as a mortgage pusher should understand why
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I understand that $$$ is the great incentive.

Why would a 55 year old teacher who still likes the job retire just because they can if they still feel like teaching, earn 100% of their salary, and get a free one time $5000 bonus?

Unless you can provide an alternate reason why retirement announcements are down 40% year over year then clearly there are alot more than "very very few" teachers will take this option.
 
Re: OT: Canadian Politics

theREALkoreaboy said:
This is an EARLY retirement incentive program. It is trying to get teachers to retire before they are eligible to, without full pension, in exchange for a one time $5K payment, that is taxable. If I retire a year early, I lose 2% of my pension. I lose 2% for each year I retire early. If I'm making $92k and getting pension based on that, can you numbnutses please explain for any sensible human being why giving up 2% or more of $92k for the rest of my life makes sense?
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Prove it.
 
Re: OT: Canadian Politics

KB is missing the point here - most people don't work until the last moment that they have to retire.

So take your 55 year old teacher. They've been teaching for 20-30 years, their pension is excellent, they've saved enough. They're ready to retire. But now the government comes in and says if you retire in December, you now get a 5k lump sum. No way in hell would I retire right now - I'll stick it around, work 4 months, and then bank that sweet cash.

Or if I'm that same teacher, but I say, "what the hell, I'll teach one more year". But damn, I'm close enough to retirement as it is that a 5k bonus would be pretty damn sweet right now.

So yeah, you're not going to see people lop off years of retirement for a one time payout. But in those 2 cases above, it's very obvious that I'm adjusting my retirement schedule for this new bonus.
 
Re: OT: Canadian Politics

UWHabs said:
KB is missing the point here - most people don't work until the last moment that they have to retire.

So take your 55 year old teacher. They've been teaching for 20-30 years, their pension is excellent, they've saved enough. They're ready to retire. But now the government comes in and says if you retire in December, you now get a 5k lump sum. No way in hell would I retire right now - I'll stick it around, work 4 months, and then bank that sweet cash.

Or if I'm that same teacher, but I say, "what the hell, I'll teach one more year". But damn, I'm close enough to retirement as it is that a 5k bonus would be pretty damn sweet right now.

So yeah, you're not going to see people lop off years of retirement for a one time payout. But in those 2 cases above, it's very obvious that I'm adjusting my retirement schedule for this new bonus.
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You are absolutely, completely, totally ignorant of how my profession works, and that is clear from what you're saying here. I can tell you emphatically that teachers wait almost invariably until the very last second they can before they retire. It is extremely, extremely rare for a teacher to leave before they are eligible to receive a full unreduced pension, and $5k one time would have no impact on that decision. None whatsoever, because we're not stupid. This is an EARLY retirement incentive program, and it will have very little impact. The only people I can see taking is would be people who are so physically or mentally exhausted with their job that they can't bear to work anymore, or they or their spouses are independently wealthy and the massive pension hit doesn't matter to them.

I'm not taking the word of some reporter quoting the chair of the TDSB. There are a half dozen ways to skew or misinterpret those numbers to try to slam teachers, and that's almost certainly what's happening here.

And even if its not, you can go f*ck yourself if you're making a stink about teachers making the decision to retire only when they can get a full pension, and not before.
 
HowardKurtz Weiner admits sexting Chicago woman LAST SUMMER as Carlos Danger. Apologizes. This could possible hurt his mayoral chances.

funnyordie A hardcore sex tape involving farm animals & the Grease soundtrack would be less embarrassing than referring to yourself as Carlos Danger.
 
Why would the fact he sexted some chick hurt his chances? I know that answer but the real question is should it?

Who cares if he cybers.
 
Re: OT: Canadian Politics

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