Opinion

What did lawmakers put in teacher fund?

Posted December 21, 2013 3:40 am

Did the teachers pension fund enter into a retirement system with an enforceable contractual relationship as stated in our constitution?

The answer is no because the legislature did not fill its obligation to fund the retirement system. The only control that our Congress should have over the money in the teachers retirement fund is what they contributed to the fund, which is absolutely nothing.

The teacher retirement fund is a separate entity; it is not part of the state budget and did not have to be subsidized by taxpayers with a contribution of 9 percent of their salary over a period of 40 years and the money invested widely would accumulate to over a million dollars that would belong to the teacher. Congress should stay out of our lives.

Charles Coletta

Lombard

Article Comments

Article Categories
Communities Letters to the Editor Lombard Opinion

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.