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The Kentucky Employee's Health Plan will lose "grandfathering" status under the PPACA effective January 2014 at a cost of about $15 million to the KEHP. Also the KEHP will be charged a $64 per person per year "transitional reinsurance fee" under the PPACA to assist in funding the uninsured and underinsured as part of health care reform. This expected cost is about $16 million for 2014, so the KEHP is starting out $31 million in the hole for calendar year 2014. ...
originally posted by: onequestion
a reply to: Hoosierdaddy71
Dont our teachers deserve it though?
Unlike politicians..
And we cant blame them for the system they work in and under.
originally posted by: butcherguy
a reply to: [pst=18362715]onequestion[/post]
I am a PA resident.
I have several relatives that are retired public school teachers.
I know one school administrator that retired ten years ago. He gets $145, 000 a year every year until he dies.
That isn't too bad.
originally posted by: ChesterJohn
originally posted by: butcherguy
a reply to: [pst=18362715]onequestion[/post]
I am a PA resident.
I have several relatives that are retired public school teachers.
I know one school administrator that retired ten years ago. He gets $145, 000 a year every year until he dies.
That isn't too bad.
How much does the current school administrator get?
Is there another still alive and collecting before the one you know retired?
Usually they take in for ten in fees but payout an addition of 25 retirees. You can't maintain a system like that. this is why most College tuitions have doubled to cover the retirees.
originally posted by: ketsuko
As for public workers' pension funds being insolvent, this is the major elephant in the room. No matter what state you are in or what kind of public worker you are, this is the coming crisis. The pols and unions made promises that never materialized. The pension funds have all been based on annual percentage rates of return that are pie in the sky at best. So now, even with good management, those funds are all overdrawn because the promises were bad and the workers never paid in enough to keep them solvent or were allowed any autonomy in managing their funds.