So wait, do Texas teachers have to pay into the pension like the average American "pays into" Social security?

If not then Texas teachers don't pay into social security and get retirement benefits that are equal to Social security.

That is awesome

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  

(12-19-2017 12:11 PM)UTSAMarineVet09 Wrote:  

Quote:The vast majority of Texas school districts do not participate in Social Security, so employees in those districts are entitled to Social Security benefits only if they paid into that system through other employment (for at least 40 quarters) or through their spouses. However, federal law reduces, or in some cases eliminates, the amount of Social Security benefits received in those situations.

https://tcta.org/node/11506-social_security_benefits

This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

(12-19-2017 12:16 PM)Lord Stanley Wrote:  I believe, but am not certain, that there are quite a few states that use a Teacher Retirement System in lieu of Social Security for retirement. I know IL and MN does, for certain.

Also, read about the RRB for an interesting history lesson on non-Social Security retirement funds: https://en.wikipedia.org/wiki/Railroad_Retirement_Board

When I was in high school I worked at a grocery store alongside an elderly gentleman who was retired from the Railroad System and thus collected RRB Benefits in lieu of Social Security

He would get so annoyed every paycheck from the grocery store as they took out for Social security despite the fact that neither him nor his wife would ever use it.

Cant say I blame him

(12-19-2017 12:28 PM)dawgitall Wrote:  

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  

(12-19-2017 12:11 PM)UTSAMarineVet09 Wrote:  

Quote:The vast majority of Texas school districts do not participate in Social Security, so employees in those districts are entitled to Social Security benefits only if they paid into that system through other employment (for at least 40 quarters) or through their spouses. However, federal law reduces, or in some cases eliminates, the amount of Social Security benefits received in those situations.

https://tcta.org/node/11506-social_security_benefits

This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

But not having to pay a SS tax and still getting similar benefits would be a good thing for most people, no?

From Lord Stanley's link:
At the end of fiscal year 2010, the average annuity paid to career rail employees was $2,760 a month, compared to $1,170 a month under Social Security

I mean holy cow! How could you argue that SS is better??

(12-19-2017 12:26 PM)solohawks Wrote:  So wait, do Texas teachers have to pay into the pension like the average American "pays into" Social security?

If not then Texas teachers don't pay into social security and get retirement benefits that are equal to Social security.

That is awesome

I knew Railroad workers and the City of Galveston Tx had their own system outside of the SS. I did not know Tx teachers did also. Good for them. They don't have to be forced to participate in the SS Ponzi scheme that has a God awful ROI.

(12-19-2017 12:26 PM)solohawks Wrote:  So wait, do Texas teachers have to pay into the pension like the average American "pays into" Social security?

If not then Texas teachers don't pay into social security and get retirement benefits that are equal to Social security.

That is awesome

If they pay into (and employer pays into) a pension in Texas that is like SS and gets a pension like SS it wouldn't be awesome. That would mean that there isn't really a pension for career employees in Texas, just a SS substitute. Here in NC we pay into the state pension program and into SS. We then are eligible for our state pension and eventually SS. Hopefully what they have in Texas is two plans, a pension and a SS substitute, or one much larger $ plan.

(12-19-2017 12:30 PM)solohawks Wrote:  

(12-19-2017 12:28 PM)dawgitall Wrote:  

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  

(12-19-2017 12:11 PM)UTSAMarineVet09 Wrote:  https://tcta.org/node/11506-social_security_benefits

This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

But not having to pay a SS tax and still getting similar benefits would be a good thing for most people, no?

From Lord Stanley's link:
At the end of fiscal year 2010, the average annuity paid to career rail employees was $2,760 a month, compared to $1,170 a month under Social Security

I mean holy cow! How could you argue that SS is better??

The sad thing is there is NO reason why SS can be as beneficial as the RR workers pension. Unfortunately Congress literally stole the SS trust fund. Sure...They claim they borrowed it. That is like borrowing from your wife. You know damn well it will NEVER get repaid.

(12-19-2017 12:36 PM)dawgitall Wrote:  

(12-19-2017 12:26 PM)solohawks Wrote:  So wait, do Texas teachers have to pay into the pension like the average American "pays into" Social security?

If not then Texas teachers don't pay into social security and get retirement benefits that are equal to Social security.

That is awesome

If they pay into (and employer pays into) a pension in Texas that is like SS and gets a pension like SS it wouldn't be awesome. That would mean that there isn't really a pension for career employees in Texas, just a SS substitute. Here in NC we pay into the state pension program and into SS. We then are eligible for our state pension and eventually SS. Hopefully what they have in Texas is two plans, a pension and a SS substitute, or one much larger $ plan.

Id much rather be like the RR workers and have only have to pay into the RR pension. At least you know your damn money will be working for you and not be forced to have to participate in the lousy SS system.

(12-19-2017 11:52 AM)solohawks Wrote:  

(12-19-2017 11:46 AM)Fitbud Wrote:  

(12-19-2017 11:43 AM)dawgitall Wrote:  

(12-18-2017 12:54 PM)Crebman Wrote:  

(12-18-2017 11:22 AM)Fitbud Wrote:  It says I would save almost $1000.

I wonder however how much Social Security and Medicare I will lose.

Fit, if you are a teachers as you say you are, you won't be getting SS anyway - aren't you part of TRS??

So in Texas teachers don't pay into Social Security? Must be one heck of a retirement pension plan.

It's not that great and NO generally, we don't get SS. However, I have teacher friends who earned SS before they became teachers and these people have successfully fought for their SS.

Wait

Fit doesn't pay social security tax?????

I don't know but I did for 11 years before I became a teacher. That's my money, don't you think I am entitled to it?

(12-19-2017 12:28 PM)dawgitall Wrote:  

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  

(12-19-2017 12:11 PM)UTSAMarineVet09 Wrote:  

Quote:The vast majority of Texas school districts do not participate in Social Security, so employees in those districts are entitled to Social Security benefits only if they paid into that system through other employment (for at least 40 quarters) or through their spouses. However, federal law reduces, or in some cases eliminates, the amount of Social Security benefits received in those situations.

https://tcta.org/node/11506-social_security_benefits

This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

They still have unions. They just dont have collective bargaining rights. Simply get rid of the union altogether.

(12-19-2017 12:30 PM)solohawks Wrote:  

(12-19-2017 12:28 PM)dawgitall Wrote:  

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  

(12-19-2017 12:11 PM)UTSAMarineVet09 Wrote:  https://tcta.org/node/11506-social_security_benefits

This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

But not having to pay a SS tax and still getting similar benefits would be a good thing for most people, no?

From Lord Stanley's link:
At the end of fiscal year 2010, the average annuity paid to career rail employees was $2,760 a month, compared to $1,170 a month under Social Security

I mean holy cow! How could you argue that SS is better??

Don't you think that while they aren't paying to SS they are paying to the substitute retirement plan at the same or similar amount? And the average annuity paid to rail employees per month is most likely based on their working salary as is the average SS payment. The rail workers are a well paid subset of the nation's employees while the SS average would be based on the full set and thus logically lower. The only way to know is the RR program was better, equal or worse than SS would be to compare lifetime salaries equal to one another.

(12-19-2017 12:45 PM)dawgitall Wrote:  

(12-19-2017 12:30 PM)solohawks Wrote:  

(12-19-2017 12:28 PM)dawgitall Wrote:  

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

But not having to pay a SS tax and still getting similar benefits would be a good thing for most people, no?

From Lord Stanley's link:
At the end of fiscal year 2010, the average annuity paid to career rail employees was $2,760 a month, compared to $1,170 a month under Social Security

I mean holy cow! How could you argue that SS is better??

Don't you think that while they aren't paying to SS they are paying to the substitute retirement plan at the same or similar amount? And the average annuity paid to rail employees per month is most likely based on their working salary and is the average SS payment. The rail workers are a well paid subset of the nation's employees while the SS average would be based on the full set and thus logically lower. The only way to know is the RR program was better, equal or worse than SS would be to compare lifetime salaries equal to one another.

Why dont you simply look at Galveston TX, which is based on a full set.

(12-19-2017 12:40 PM)Fitbud Wrote:  

(12-19-2017 11:52 AM)solohawks Wrote:  

(12-19-2017 11:46 AM)Fitbud Wrote:  

(12-19-2017 11:43 AM)dawgitall Wrote:  

(12-18-2017 12:54 PM)Crebman Wrote:  Fit, if you are a teachers as you say you are, you won't be getting SS anyway - aren't you part of TRS??

So in Texas teachers don't pay into Social Security? Must be one heck of a retirement pension plan.

It's not that great and NO generally, we don't get SS. However, I have teacher friends who earned SS before they became teachers and these people have successfully fought for their SS.

Wait

Fit doesn't pay social security tax?????

I don't know but I did for 11 years before I became a teacher. That's my money, don't you think I am entitled to it?

IMO...If you obtained enough credits you should get your money. SS is a brilliant Ponzi scheme with a schitty return.

(12-19-2017 12:43 PM)UofMstateU Wrote:  

(12-19-2017 12:28 PM)dawgitall Wrote:  

(12-19-2017 12:18 PM)UofMstateU Wrote:  

(12-19-2017 12:17 PM)dawgitall Wrote:  

(12-19-2017 12:11 PM)UTSAMarineVet09 Wrote:  https://tcta.org/node/11506-social_security_benefits

This would seem to be a big deterrent for teacher recruitment.

Unions have consequences.

Texas, like NC is a "right to work" state. There is no teachers' union. It is illegal to collectively bargain or strike. So your statement would more correctly read, "Lack of unions have consequences."

They still have unions. They just dont have collective bargaining rights. Simply get rid of the union altogether.

If you can't collectively bargain it isn't really a union, it is a professional organization. Do you want to deny people the right to join a professional organization that advocates for their interests? That is un-American. Should we get rid of the Chamber of Commerce too?

(12-19-2017 12:40 PM)Fitbud Wrote:  

(12-19-2017 11:52 AM)solohawks Wrote:  

(12-19-2017 11:46 AM)Fitbud Wrote:  

(12-19-2017 11:43 AM)dawgitall Wrote:  

(12-18-2017 12:54 PM)Crebman Wrote:  Fit, if you are a teachers as you say you are, you won't be getting SS anyway - aren't you part of TRS??

So in Texas teachers don't pay into Social Security? Must be one heck of a retirement pension plan.

It's not that great and NO generally, we don't get SS. However, I have teacher friends who earned SS before they became teachers and these people have successfully fought for their SS.

Wait

Fit doesn't pay social security tax?????

I don't know but I did for 11 years before I became a teacher. That's my money, don't you think I am entitled to it?

absolutely I do. my stepfather died unexpectedly and the way my mom was treated by SS was terrible in terms of the money she got after he had contributed to the system for 2 decades.

that's how Ponzi scheme operate, no???

I must say, if you don't know if you are paying SS tax you really should check your paystub

(12-19-2017 12:45 PM)dawgitall Wrote:  Don't you think that while they aren't paying to SS they are paying to the substitute retirement plan at the same or similar amount? And the average annuity paid to rail employees per month is most likely based on their working salary as is the average SS payment. The rail workers are a well paid subset of the nation's employees while the SS average would be based on the full set and thus logically lower. The only way to know is the RR program was better, equal or worse than SS would be to compare lifetime salaries equal to one another.

I don't know the answer to your question. I asked Fit but he apparently doesn't check his paystub

I wouldn't be surprised though if they didn't pay anything into the pension and that was benefit of employment. I would love an answer as accruing credit into a pension and not paying SS is a pretty sweet deal.

(12-19-2017 01:14 PM)solohawks Wrote:  

(12-19-2017 12:40 PM)Fitbud Wrote:  

(12-19-2017 11:52 AM)solohawks Wrote:  

(12-19-2017 11:46 AM)Fitbud Wrote:  

(12-19-2017 11:43 AM)dawgitall Wrote:  So in Texas teachers don't pay into Social Security? Must be one heck of a retirement pension plan.

It's not that great and NO generally, we don't get SS. However, I have teacher friends who earned SS before they became teachers and these people have successfully fought for their SS.

Wait

Fit doesn't pay social security tax?????

I don't know but I did for 11 years before I became a teacher. That's my money, don't you think I am entitled to it?

absolutely I do. my stepfather died unexpectedly and the way my mom was treated by SS was terrible in terms of the money she got after he had contributed to the system for 2 decades.

that's how Ponzi scheme operate, no???

I must say, if you don't know if you are paying SS tax you really should check your paystub

That was a typo. I mean to say. I don't now but I did for 11 years.

(12-19-2017 01:21 PM)Fitbud Wrote:  

(12-19-2017 01:14 PM)solohawks Wrote:  

(12-19-2017 12:40 PM)Fitbud Wrote:  

(12-19-2017 11:52 AM)solohawks Wrote:  

(12-19-2017 11:46 AM)Fitbud Wrote:  It's not that great and NO generally, we don't get SS. However, I have teacher friends who earned SS before they became teachers and these people have successfully fought for their SS.

Wait

Fit doesn't pay social security tax?????

I don't know but I did for 11 years before I became a teacher. That's my money, don't you think I am entitled to it?

absolutely I do. my stepfather died unexpectedly and the way my mom was treated by SS was terrible in terms of the money she got after he had contributed to the system for 2 decades.

that's how Ponzi scheme operate, no???

I must say, if you don't know if you are paying SS tax you really should check your paystub

That was a typo. I mean to say. I don't now but I did for 11 years.

haha im just giving you a hard time

serious question though, do you pay into the pension or do you automatically accrue credit for years of service?

(12-19-2017 01:29 PM)solohawks Wrote:  

(12-19-2017 01:21 PM)Fitbud Wrote:  

(12-19-2017 01:14 PM)solohawks Wrote:  

(12-19-2017 12:40 PM)Fitbud Wrote:  

(12-19-2017 11:52 AM)solohawks Wrote:  Wait

Fit doesn't pay social security tax?????

I don't know but I did for 11 years before I became a teacher. That's my money, don't you think I am entitled to it?

absolutely I do. my stepfather died unexpectedly and the way my mom was treated by SS was terrible in terms of the money she got after he had contributed to the system for 2 decades.

that's how Ponzi scheme operate, no???

I must say, if you don't know if you are paying SS tax you really should check your paystub

That was a typo. I mean to say. I don't now but I did for 11 years.

haha im just giving you a hard time

serious question though, do you pay into the pension or do you automatically accrue credit for years of service?

I just found out from my assistant that she is in fact receiving social security now so I guess you still can "double dip" in Texas

That's right boys, I have a teacher's assistant as well.

I just assumed no government employees paid in to SS.

When I worked for the city of Memphis (8 years) I never paid in.

When the SSA sends out the benefits statement periodically it shows the total I've paid in every year including the amount I paid in from my part-time high school jobs flipping burgers and sacking groceries.

3 years paying in
8 years of zero
then years of paying in.