In their continuing effort to save the taxpayers of Texas money the Texas legislature has given itself a pension increase. The bill was passed by a no record voice vote, so they can't be called on it afterwards.
Via the Houston Chronicle, a representative with 12 years experience will now receive an annual pension of $34, 500. Not bad for a part time job that only requires you to work a few months every two year.
At the same time Republicans are trying to change the rules about teacher retirement. For teachers like myself this amounts to a broken promise, as when I became a Texas teacher your age and years of experience had to equal 80. Now the Republicans want to change that effectively to 90, citing fiscal problems. They fail to mention though the state has repeatedly cut back the share it pays into the program beginning in 1997.
Wednesday, July 13, 2005
Texas lawmakers give themselves a pension raise in a cowardly no record vote
Posted by Mike in Texas at 10:25 AM
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And don't forget that if you move from out of state halfway through your career, you might as well not even try for retirement. :o)
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