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#17
January 3rd 04, 02:45 AM
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"G.R. Patterson III" wrote in message ... Jay Honeck wrote: Of course, "retirement pay" comes out of a different bucket of cash in the state's budget then "teacher's salary", so ON PAPER they LOOK like they "saved the taxpayers some money"... Typically, retirement pay doesn't come out of current taxes at all. The employer sets a certain amount of money aside every year as a retirement account. , Margy pays for her own retirement which gets gratuitously mismanaged for her by the state and the county. If she expects to get anything, she will be socking it away in her 403b (the public teacher version of 401k). 
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