Does this mean that retirees from the school district get two pensions? The first being the state retiremment teachers pension and the second being supplemental marinette school district retirement plan. Plus it looks like the supplemental plan is on a pay as you go set up with no accounting for future liabilities. Somone please correct me if i am wrong.
Sorry I'm late. You are correct. However, the real nut to crack is the Health Cost. $27,000 annually for a Family Plan where a guy "retires" at age 55. Multiply by 10 for the actual cost. The guy who just retired at 55 went to work at another school.
Does this mean that retirees from the school district get two pensions? The first being the state retiremment teachers pension and the second being supplemental marinette school district retirement plan. Plus it looks like the supplemental plan is on a pay as you go set up with no accounting for future liabilities. Somone please correct me if i am wrong.
ReplyDeleteSorry I'm late.
DeleteYou are correct. However, the real nut to crack is the Health Cost. $27,000 annually for a Family Plan where a guy "retires" at age 55. Multiply by 10 for the actual cost. The guy who just retired at 55 went to work at another school.