Letter to the Editor: Students and teachers should not be punishedColumnist Virgil Swing did informative research in analyzing the Duluth Teacher’s pension problem in his column headlined “Pols alter public pensions but will need to do more.”
By: Budgeteer News , Duluth Budgeteer News
Columnist Virgil Swing did informative research in analyzing the Duluth Teacher’s pension problem in his column headlined “Pols alter public pensions but will need to do more.”
Unfortunately, most of Duluth’s media did not report accurately during The Red Plan debate, which imposed a $437 million property tax for at least 20 years in order to close, remodel or build new schools in Duluth’s District 709 System.
Johnson Control, a foreign corporation from Milwaukee, Wis. (non-state corporations are considered foreign by the Minnesota Revenue Department) and subsidiaries are being paid millions of dollars from our home and business taxes. Millions of property tax dollars are being paid to Johnson Control and their subsidiaries at the expense of our pupils and retired teachers.
Another reason our teachers’ pension fund is in trouble is the 2008 Crash.
I do not believe we should punish our children and retired faculty because the teacher’s union supported The Red Plan!
Swing points out that our Duluth legislative delegation is composed of mostly public employees. Yes, it is, but I know that legislators fund their own pensions without state contribution. I was paying $300 per month for my state retirement and I lost about 60 percent of my Social Security retirement benefits, because legislators cannot “double dip” — i.e., we cannot have two or more full government pensions even if we paid into them.
One retired legislator had worked for the National Guard, a regional commission, Minnesota, St. Louis County, and the City of Duluth. I bet he has lost a lot of pension money, as he could not have 4-5 full government pensions.