New York educators take hundreds of thousands of $$ in retirement
As unbelievable as it seems, educators in New York make hundreds of thousands of dollars in retirement. In addition, they receive free health care, cost of living increases, and they make no payment to their retirement after 10 years.And why are these states going broke? One individual makes over $26,000 a MONTH in retirement.As state officials struggle to close gaping holes in the budget and deal with skyrocketing retirement costs, records show that at least 1,325 retirees collect six-figure pensions from the state - and nearly one-half of them are from Long Island. [SNIP]
"You're talking about tax increases that could go, just for this alone, anywhere from a 5 or 6 percent increase all the way up to a 15 percent tax increase," said Fred Gorman, a founder of Long Islanders for Educational Reform, a watchdog group.
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