A word to my followers. Raise hell.
Been following you for quite awhile and I’m happy with you fighting the fight, but not with any indications of you encouraging others to be proactive when it comes to $$$.
Our pensions got “jacked.” No question. Unfair? Certainly. But what do you expect immoral, unconscionable, felonious lawmakers to do? They do what’s in their best interest. No one else matters.
So it would behoove TRS members to ready themselves for their shrinking pensions, especially in later years, to invest on their own in a 403B. If members are expecting the lawmakers to do the right thing and untouch our pensions, they are at the least naive. At most irresponsible.
What I’d like you to do is to promote self alliance, or putting some $$$ aside to cover your butt in the long run.
I have no faith in our court system and expect SB1 to remain intact. Urge your followers to be more fiscally responsible.
Please post this. Please comment.
I’m hoping you wrote this with tongue in cheek.
But I cannot do as you request.
“So it would behoove TRS members to ready themselves for their shrinking pensions, especially in later years, to invest on their own in a 403B.”
I mean, TRS members can invest in toilet bowl cleaner for all I care.
But, listen Rob. I have been self-reliant. I’ve worked my whole life. So has my wife. We raised a family. We paid our taxes. Y’know. Did what we were supposed to do.
I worked until I was 38 in the private sector, paying into Social Security all the while. As soon as I became a teacher, that promised benefit was taken away from me.
Just like that.
Then I paid my share into the Teacher Retirement System. 9.4% every paycheck for almost three decades. I had a contract and a constitutional provision that required my ultimate employer, the state of Illinois, to pay me a pension.
As soon as I retired the politicians voted to take away my cost of living adjustment from that pension at a cost to me of over a third of the promised benefit – if I live another 20 years. Which I most definitely plan to do.
Just like that.
Put some money aside?
Hey, Rob. I’m 65.
So, enough is enough.
And rather than follow your advice to shut up about it, I’m going to raise more hell.
As for my followers?
Whoever they are.
I hope they raise hell too.