More Public Pension Woes—Constructive Suggestions Wanted

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Much better! I think the "floor COLA" legislation on Seattle's retirement fund is an example of that kind of short-sighted benefit increase. I think the report also says good investment returns were used on some funds as an excuse for diversion of the employer's side of the contributions into other programs, which is part of the reason some pension systems are underfunded now.
Yes, when the good times are going, everyone is bullet-proof. We can just stop funding the pension and even increase benefit promises. It's as if they are oblivious to the fact that markets and economies are cyclical. There are too many favors to be paid out, too many votes to buy, to do the right thing for the plan.
 
This right here is a big part of the problem. You can't increase benefits because of a few good years unless you're ready to cut them because of a few bad. Better, it would seem to me, to use the good years as a buffer through the bad and keep the benefit constant.

It's like governments which are unable to save their surpluses, instead insisting on spending it somewhere (or rebating it) instead of saving it for a rainy day. Because they can't build up reserves in good times, they get slaughtered in the bad. The same principle applies here.

Defined benefit plans for teachers in PA don't function on a few good years. There aren't any bad years. Unions arrange so that salaries always go up a little bit. Although, even though I actually had a small raise last year, I actually made less take home.

But if you are talking about the defined contribution, PA teachers have never failed to make the assigned contribution. But both of the two government agencies decided because it was a good year stock market wise, they didn't have to pay anything in those years. Governments rarely have the concept of a rainy day fund.
 
But if you are talking about the defined contribution, PA teachers have never failed to make the assigned contribution. But both of the two government agencies decided because it was a good year stock market wise, they didn't have to pay anything in those years. Governments rarely have the concept of a rainy day fund.
Oh, I was definitely talking about the government, not the teachers; I know the teachers had to keep paying into it. Governments seem to act as if good times will be around forever, and thus blow all the surpluses they have. It's irresponsible and frustrating.
 
........ They want specific answers on how much ash you detect to have for it to be a danger. The answer is "we don't know". They simply cannot grasp the complexity of the problem.

This is typical in education. There are so many significant variables that have not been explored scientifically in human behavior, in responses to human behavior, and in counter responses by the humans, that the complexity of the problem in providing the most effective education techniques is beyond the vast majority of people.

I spent a huge amount of time in the early part of my career learning about the different learning styles of human children, learning about what modifications are most effective to motivate humans children to work(not about developing their skills) by playing to their learning style strengths and avoiding their weaknesses. When I met with parents and teachers, invariably they would use these words, "Wow..... that's exactly how he acts. How could you know this?"

But in the end, I was not allowed to use the information and my skills because administrators and school psychologists and special educator supervisors who couldn't be swayed away from their belief that everyone learns the same way, said I would have to stop providing this service. My success at it disrupted their belief system, and rather than bring their belief system in line with reality, they stopped all discussion about the "real" reality. Teachers and parents would say, "If I could just get into his mind and find out how he thinks about this stuff, i could do wonders." Well..... I did, but not for long.

So we use a research based system of learning that works best for the majority of students, but we do not try to find their strengths and weaknesses in learning and teach in ways that would address them. And in not doing that, we take away the possibility for increased motivation on the part of our students. Not everyone is motivated by the same intrinsic values.


Z
 
Oh, I was definitely talking about the government, not the teachers; I know the teachers had to keep paying into it. Governments seem to act as if good times will be around forever, and thus blow all the surpluses they have. It's irresponsible and frustrating.

Human nature I'm afraid. That's how my aunt managed to have these fabulous CD's that she bought in the early 80's for $75,000 (most of her life's saving up to that time), that in 12 short years at 15% interest through the miracles of compound interest jumped to $461,000. And she had many many years of the 30 year term left when she died. If she'd only waited to die until she was 90, it would have gone from in the full 27 years only until today where the little nest egg would have been worth almost 4,900,000. I could have been seriously wealthy in my inheritance.

And if I'd started saving just 300 bucks a year when I graduated college in 1971 and never raised it above $1000 a year, and took advantage of the same interest rates that she did in 1982, I'd have a net worth today of almost a million bucks which would have added substantially to my pensions.

THE FOLLY OF YOUTH.

z
 
At risk of enraging the OT debate on performance measurement, I stumbled across the blog of Police Chief Tom Casady in Lincoln, Nebraska. Tom is a great communicator, pretty smart in a geeky-tech way and a cop-way, and has some different approaches on performance measurements. His dashboard is a nice idea, and from there I found that he places a lot of importance on how the citizens of Lincoln perceive the quality of the police service. His blog can be found here, The Chief's Corner

The dashboard is here: Dashboard

But what I thought might be of interest to the discussion on measuring performance was the LPD's annual report. http://www.lincoln.ne.gov/city/police/annual/2009.pdf As a former boss used to say about measuring performance in narcotics enforcement (usually when I occasionally commented that sometimes quality cases didn't always come with big seizures), "Man, I'd like to say it's not about the stats, but it is about the stats. My retort was often, "Yeah, but are we measuring the right things?"

Interesting read, the LPD report, and I think they have some good ideas about what they should be measuring up there. See this screen capture to see what I'm referring to (not many police chiefs/departments would even ask these questions): And which leads me to my question - why couldn't schools do something similar?
 

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at risk of enraging the ot debate on performance measurement, i stumbled across the blog of police chief tom casady in lincoln, nebraska. Tom is a great communicator, pretty smart in a geeky-tech way and a cop-way, and has some different approaches on performance measurements. His dashboard is a nice idea, and from there i found that he places a lot of importance on how the citizens of lincoln perceive the quality of the police service. His blog can be found here, the chief's corner

the dashboard is here: dashboard

but what i thought might be of interest to the discussion on measuring performance was the lpd's annual report. http://www.lincoln.ne.gov/city/police/annual/2009.pdf as a former boss used to say about measuring performance in narcotics enforcement (usually when i occasionally commented that sometimes quality cases didn't always come with big seizures), "man, i'd like to say it's not about the stats, but it is about the stats. My retort was often, "yeah, but are we measuring the right things?"

interesting read, the lpd report, and i think they have some good ideas about what they should be measuring up there. See this screen capture to see what i'm referring to (not many police chiefs/departments would even ask these questions): And which leads me to my question - why couldn't schools do something similar?

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Ziggy,




But none of this really has anything do to with solutions to the long term pension issues. And i still think, even as an educator of 40 years with a DBP, that the full on 80% DBP IS DEAD. I think that for new employees, we are probably looking at plans which provide 35%, and the rest is up to the individual investor.

z

Note that 40% to 50% was typical of old industrial db plans. If you go to 35% will the schools contribute to the 403b plans that will be needed to help bring people up to a level to retire. (Note that if all schools were in social security the need would be less) I know it depends on the state in Texas schools do not, in MI schools do.
 
Note that 40% to 50% was typical of old industrial db plans. If you go to 35% will the schools contribute to the 403b plans that will be needed to help bring people up to a level to retire. (Note that if all schools were in social security the need would be less) I know it depends on the state in Texas schools do not, in MI schools do.


PA Schools and PA employees do do social security. And unlike many systems, the PA fund is in arrears but is not gutted. It has about $50,000,000,000 in it. Its in no danger of collapsing any time soon, but the law states that it has to be 86% funded for everybody in the current vestiture, and its below that number. With current payments into the fund, and normal death rates, the PA fund is probably perfectly capable of handling everybody currently in the fund and everybody back to age 45 who will be in the fund. Its the youngsters who are age 27 to 45 which are not currently funded.

Z
 
I fear you are correct.

Good podcast here on NPR, which includes a former teacher who agrees with you on the NEA. Are Teachers Unions To Blame For Failing Schools? : NPR


The article makes no mention of what was said in the meeting and shares nothing but a black or white ending to the meeting, which may or may not be what actually happened.

The reality it that there are some places where there are failing schools, mostly in the inner cities where are are limited resources to train teachers in the pedagogy that is research based. 99% of teachers do not get training at the university level that is research based on how children actually learn well. Since this research based training has only finally been done in the last 15 years, and since the universities are typically about 15 years behind the curve, the difference between really skilled teachers as a group and those who are not really skilled comes down to teacher training(and the occasional "natural teacher" who just seems to pick these things up, but doesn't know how they do it). And, the kind of teacher training we are talking about can only come from the districts themselves, and from efforts of the districts to require all teachers to use these techniques.

I have a union in my school. My school district is NOT FAILING. In PA, the state measures reading, math, science, and writing, in tests which are not easy, in fact they are very difficult. Home schooled kids often take the test and often they are totally lost. My district has consistently been at the forefront of the county in scores, and one of my elementary schools is in the top 20 of the 5000 elementary schools in the state. When one sees this, one has to wonder what is my district doing right, when just like every other district it has a union, and the union does the same things as every other union.

If you want to participate in educator bashing because it seems to be the politically correct thing to do or because you are just generally angry at the world, or have an axe to grind, please be my guest. If you want to find out what works and where, you will find that the places where things work and are effective have the same unions with the same union efforts that schools do where things are not going right.

Bashing the unions is an easy and simplistic way of expression your anger, and your manipulated anger by politicians. Most people would not be angry at schools if our politicians didn't try to focus us in that direction. Its not productive, however.

Education is the most complex technology in our society because it deals directly with human behavior, modifying human behavior, dealing with agendas of students and adults in human behavior, motivating humans to perform at their best, etc. None of these things follow linear patterns, and all of them are interdependent.

Once the general public begins to understand the complexity of what we are talking about, and once educators recognize the complexity that they are working with(they generally don't), we can continue to research the complexity and stop extremely simplistic solutions to astoundingly complex questions.

Unfortunately, our politicians who manage most of public education with mostly unfunded mandates and threats of removal of the funding they do provide, use simplistic solutions to most complex problems, so I won't be holding my breath. And after 40 years in this business as of next spring, I'll be retiring and really won't really care anymore.

Z
 
I'm writing an article right now on the collective arrogance and stupidity of the airline industry in regards to the volcanic ash. They want specific answers on how much ash you detect to have for it to be a danger. The answer is "we don't know". They simply cannot grasp the complexity of the problem.

The airlines want to know how much ash can be suspended in the air before the turbines in their engines stop turning. I am sure they will be happy with your article which states" We don't know"..........;)

We would have never landed on the moon or built a space shuttle or anything like that if we continued to say: "We don't know"...........why test for anything then? :rolleyes:
 
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