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Reader says it is time to freeze Ridgewood pensions and move onto 401K style plans and keep medical costs in line with what private sector receives

Ridgewood EA teachers protest

I am not a Christie fan but I will give him credit for trying to reel in the unsustainable pension and medical benefits public employees receive. it has to change. I don’t think it is right that money was diverted from the teacher’s pension fund starting with Christie Whitman and that has to be repaid. For heaven’s sake, it is time to freeze pensions and move onto 401K style plans and keep medical costs in line with what private sector receives. Long gone are the days when public employee salaries were lower than the private sector so delayed remuneration in the form of pensions, etc. made up the difference. As for Ridgewood’s current travesty with the NJEA and our BOE – I’m just sick. I wish all these complaining teachers could be replaced. And, yes, I’m one of those who wears the cloak of anonymity because I have kids in school and I know the teachers retaliate. Many are not as dedicated to their students and the field of education as they profess.

5 thoughts on “Reader says it is time to freeze Ridgewood pensions and move onto 401K style plans and keep medical costs in line with what private sector receives

  1. This person is right on the money, teachers ,policeman, firemen and all public workers.

  2. I like the “Settle Now” sign.
    .
    I agree… the teachers should “Settle Now” and agree to the BOE terms.
    .
    Do it fer da kidz

  3. ok start with the fire and police.

  4. Just got an update from my financial advisor saying my wife and I need to save $366,000 for health care insurance in retirement because Medicare will only cover 51% of total costs after 65. Long-term care costs can run up to $1,680 A WEEK. And 45% of retirees are expected to pay more than 20% of their income on health care by 2040. Yet teachers, cops and firefighters just expect taxpayers to subsidize their “platinum” health benefits year after year, including those who take “special” early retirements as early as their 40s. It’s sickening, and we can’t afford to be paying for better health plan benefits for public sector workers than we get ourselves. Christie and the Ridgewoid BOE are fighting for taxpayers – we must support them against the lies and misinformation being spread by the REA and the full-time Union lawyers and lobbyists behind them from the NJEA. Support our students, support Ridgewood taxpayers, and support the BOE.

  5. Can the BOE publish TOTAL COMPENSATION numbers for these teachers, high/low/average/median for these teachers after including all benefits including realistic present value of pensions?

    As employers, we should know how much exactly we are paying out instead of smoke and mirrors.

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