We pay 95% of their health care for life. With the bill, it still is a steal, we would pay 87%.
To KrystalKlear - This is simply not true. I'd like to know where you get this information.
As a teacher in a rural school district, upon retirement I will receive a small stipend to go towards my health insurance. I know it's less than $300/month. (I'm not quite at retirement age, so I don't have the hard figures.) This is true whether you are married or single at the time of your retirement. A family policy at this time (for our district) is more than four times that amount. If you are married at the time of retirement and your spouse is not eligible for insurance for any reason, you will be paying about a thousand dollars a month towards your insurance. At the age that I will be eligible for medicare, this is eliminated. I don't know of any district in the state that pays the entire amount of insurance "for life."
As far as "early retirement" is concerned, it varies from district to district. Yes, you get to draw from your pension at a certain age, but anyone who can do that math realizes that earlier you draw your money, the quicker it runs out. Kind of like those who take the accelerated social security need to contemplate. It basically boils down to how long do you plan on living!
If you want to argue pensions, keep in mine our governor will receive a pension for life equal to his salary. That will be $137,000 per year FOR LIFE if it's based on this year's salary. I don't know what will happen in the case of a recall. And for those in big business - their pensions are obscene.
I would like to add that as an educator who taught under the QEO (qualified economic offer) most of her career, I have not been living off the state. Many years we received no raises to compensate for the rising cost of insurance. One year we took a pay cut. At least we had good benefits that made up for it.
I know times are tough, but the the unions have conceded on ALL MONETARY ISSUES. This is not about money, it's about union busting. In addition it is not fair.
Finally, as far as the state paying my wages, pension, insurance, etc. Every single time I go into a business and spend my money, I'm paying that for someone else. Every time I pay a bill, I'm paying that for someone else.
Just something for you to chew on!