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Discussion in 'Politics, Elections & Legislation' started by 635 G, Mar 1, 2011.

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  1. 635 G

    635 G Well-Known Member

    Jun 30, 2008
    The Administrator of the school district of the Chathams has just announced his intention to retire. He is pissed off that his new salary of 200K according to new state guidelines is 45K over the guidelines for a district the size of Chatham. Not bad, considering there are less than5k students involved.

    The real problem, is if he could not make it on 200K how's gonna do it on a 120K pension.

    Phil Berkowitz
  2. slipping into darkness

    slipping into darkness TS Member

    Mar 5, 2008
    there retirement is right up there with our wonderful politicians, both groups work So hard for there money and retirement.
  3. sernv99

    sernv99 Active Member

    Sep 29, 2008
    Chatham is a typical "McMansion" suburb.....
  4. Bisi

    Bisi TS Member

    Jan 29, 1998
    That's obscene! 120K a year pension from a school system with less than 5K students?? And yet we wonder why the government is broke.

    In this day of low interest rates do you know how much money you would have to have to throw off 120K a year? You're lucky to get 1% on a 1, 2 or 3 year CD.

    If you wanted guaranteed income with no risk, just like the above retiree who is getting guaranteed no risk 10K a month - it would take 10 million in the bank.

    And I'm just willing to bet the above school administrator has railed against those damn millionaires.
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