West Virginia Teachers Complain Over Proposed Retirement Change

EAGNEWS.ORG

Few things spin public employees into a tizzy like proposed changes to their retirement plans.

Members of the West Virginia American Federation of Teachers are apparently flipping their lids over the Internal Revenue Service’s proposal to change its definition of retirement age to 62, speculating that state workers would have to remain employed seven years longer to qualify for a full pension, WVGazette.com reports.

The state’s Consolidated Public Retirement Board and governor’s office have been besieged with calls from state employees since posting a summary of the proposed IRS regulation change online earlier this year, CPRB Executive Director Jeff Fleck told the news site.

“Reality is, no one’s sure what the impact of the IRS defining normal retirement age at 62 (50 for law enforcement officials) would be, or how the regulation would be enforced,” WVGazette.com reports.

West Virginia-AFT spokesman Josh Sword told the Gazette that rumors of a change in the retirement age “spread like wildfire” among teachers, and the union is encouraging them to demand the IRS exempt public school employees.

That would, of course, negate the majority of any benefit the new regulation might have to keep public pensions viable. It’s the perfect example of the infamous “me first” union mentality that is wearing thin on taxpayers, and fueling efforts across the country to rein in escalating labor costs.

What Sword and other Big Labor bigwigs never seem to understand is that many citizens resent the notion that union employees deserve special protections that aren’t afforded to the general public. Most taxpayers employed in the private sector have little sympathy for government workers who are asked to contribute more toward their own lavish benefits.

Our hope is that IRS officials take the union’s objections to the change with a pound or two of salt, and weigh their concerns against the plight of private sector workers, who already struggle to pay for state employees’ cushy retirements.

Hot this week

Did David Wineland and Serge Haroche Steal Idea For The Nobel Physics Prize?

Dr. Omerbashich says the Royal Swedish Academy is a Crime Scene and he has the proof that Nobel laureates stole his discovery.

New Approaches to Disaster Relief Challenges

Disaster relief has always been a challenge. NASA, Google,...

3 Legitimate Money Making Methods to Supplement Your Income

In a perfect world, when your landlord raises your...

2016 Predictions by World Renowned Medium and Psychic Lindy Baker

World renowned medium and psychic Lindy Baker is interviewed by The Hollywood Sentinel, discussing psychic power, the spirit world, life after death, areas of concern in 2016, and much more.

Digital Coupon Customers Spending More Than Double At Stores

A new study shows that customers who use digital coupons go shopping more for groceries and other household goods more often and spend more on their shopping trips.

The Mortgage Industry Cut Its Costs Last Quarter, Still Spends Almost $11,000 to Make a Loan

Independent mortgage banks and the mortgage subsidiaries of chartered banks earned an average pretax net production profit of $973 per loan.

FINQ AI-Managed ETFs Post 23.51% and 23.83% Since Inception Against the S&P 500’s 11.61%

FINQ has reported since-inception returns of 23.51% for the...

Smart Bathroom Remodel Ideas for Safety and Easy Cleaning

  Key Takeaways Plan around daily routines before selecting finishes. ...

Cowbell Maine: The Region’s Go-To Destination for Any Game Day

Cowbell Maine brings game day to Rock Row in Westbrook with 25+ craft beers, a video wall, live entertainment and private event space.

How Does Ramaphosa’s Foreign Policy Affect Jobs and the Cost of Living in South Africa

How does Ramaphosa’s foreign policy affect South African jobs, fuel prices and the cost of living? Explore Iran, Palestine, trade, inflation and unemployment.

Related Articles

Popular Categories