Georgia lawmakers say teacher pensions need fixing, just not now

[TexasTowelie]

After agreeing over the past two sessions to pump nearly $600 million in extra payments into state teacher pensions, Georgia lawmakers have once again raised questions about the long-term prospects of the retirement system.

“At some point we are going to have to draw a hard line in the sand,” said state House Retirement Vice Chairman Tom Kirby, R-Loganville.

But it almost certainly won’t be during the 2018 legislative session, which will be followed by primary season.

Gloom-and-doom scenarios for the pension system have long been floated — scaring teachers and retirees. But as the House Retirement Committee recently began hearing a bill to limit cost-of-living raises to pensioners, the chairman made it clear the measure wouldn’t go anywhere.

Read more: https://politics.myajc.com/news/state--regional-govt--politics/lawmakers-say-teacher-pensions-need-fixing-just-not-now/wUEq3TmyEOXSfoB1TlpmDL/

[RainCaster]

1. We've got to fix the elections first

[BigmanPigman]

2. My dad told me that I was lucky to get a COLA

from my state teachers pension fund. He worked for AT&T and they had great benefits except for this one aspect of it. Apparently CA makes good decisions when they plan on how to invest for our teacher pensions. That is good since the salaries and benefits in tons of districts (like mine) really suck.

[Fortinbras Armstrong]

3. To quote Rabbi Hillel, "If not now, when?" n/t