Yes, you read that correctly. Terri List, a teacher in Michigan, is upset that with the new law in place she can't retire at the age of 47 with full health benefits. She is so upset that is ready to advise her students not to become a teacher in the state of Michigan. You see they have to start putting in 5% of their annual income (her current salary range is between $70-80K per year). She is being asked to contribute approx. $3750 per year over her career so that she will get full health benefits for life. Something that very few people receive anymore. Only the chosen few.
She can actually retire in two years at the age of 47 and get $60K per year in retirement pay. She would also be free to get herself another job that gives health benefits if she doesn't want to pay for them herself. Which at $60K she should be able to afford. In order for her to qualify for free health benefits for life she will have to stay at her current job until the age of 60. Her pay scale would be expected to reach $90K per year by that point. Which of course will also increase her yearly retirement pay, it increases at 3% per year. Which would give her an additional $39,000 per year.
“By the time I’m 60, I would have put in 43 years of service, earning a salary at the top of the pay scale. How does that save the district money? You could hire two people for the cost of one and encourage young people to join the profession. Right now, I would not recommend to my pupils to become a teacher in Michigan.”
Boy, they start them young in Michigan. She starting teaching at the age of 17? I sincerely hope Ms. List isn't a math teacher.
“Wow. They have reached the politicians’ level of entitlement, she thinks she is entitled to retire at 47? Holy smokes. I don’t know what more to say to that. A government employee thinking that 47 is a reasonable expectation to retire shows just how deep inside their own bubble they live, insulated from the real world.”
Leon Drolet, Chairman of Michigan Taxpayers Alliance.