Saturday, May 29, 2010

196 Pittsburgh workers' pay tops $100K - Pittsburgh Tribune-Review

196 Pittsburgh workers' pay tops $100K - Pittsburgh Tribune-Review: "Last year, state Rep. Matt Smith, D-Mt. Lebanon, sponsored legislation to eliminate overtime from the pension equation. Smith estimated it could save the county's retirement fund $36 million over more than 20 years."

Thank goodness teachers do not get overtime. Otherwise, the state would be bankrupt already.

However, teacher overtime comes in the form of coaching duties. Some might argue that our sports programs in the city are bankrupt.

Regardless, teacher contracts do put coaching duties and that pay into the mix when calculating retirement pay.

It would be great if coaching was NOT part of the retirement formulation for pensions of teachers.

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