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Redmond Patch: Happy Holidays
Enter Patch's 'Deck the House' Contest For a Chance to Win $100,000
When you win this money will go to the teacher union how lovely
and did you know teacher retirement earning in California $100,000
tax dollars hard at work talk about waste in America
Number of $100,000 retirees skyrocket in teacher pension system
February 11th, 2011, 2:05 pm · · posted by BRIAN JOSEPH, Sacramento Correspondent
More proof that pension costs are spiraling out of control: The number of retirees earning $100,000 or more from the California State Teachers’ Retirement System (CalSTRS) has increased dramatically since 2009, according to new data obtained by the nonprofit California Foundation for Fiscal Responsibility.For those of you not familiar with the foundation, it’s one of the leading advocates for pension reform in California. On its website, the foundation publishes searchable databases of retirees earning $100,000 or more from a couple of state pension systems, including CalSTRS, the pension system for retired California teachers.
The foundation initially obtained the data for its “CalSTRS $100,000 pension club” database in May 2009. Back then there were 3,010 retirees earning $100,000 or more annually from CalSTRS. Earlier this month, the foundation obtained updated data from CalSTRS and the number has grown to 5,308 (5,309 if you count one woman earning $99,998.88).
That’s a 76 percent increase. In less than two years.
And that’s not all. The foundation, run by President Marcia Fritz, also requested a list of CalSTRS retirees earning $75,000 or more annually. Guess how many CalSTRS pensioners are earning between $75,000 and $99,999.99.
19,503.
Combined you’re looking at 24,811 retired California teachers earning more than $75,000. That’s more than the entire population of Seal Beach.
The foundation hasn’t published the $75,000 to $99,999.99 data, but you can search the newly updated $100,000 and above data here. If you go there, be sure to check out the top 10. You’ve got three former Los Angeles Unified School District employees on that list plus one former OC employee: Edward Hernandez, Jr., formerly of the Rancho Santiago Community College District, who is earning a cool $286,000 annually.
Note, however, that the data does not indicate the final position held by the retirees. Some of the people on the list may have retired as school administrators, not front-line teachers, thereby boosting their benefits.
Posted in: Capitol Watchdog • pensions
Did you decorate your house for the holidays this year? Enter our "Deck the House" contest and you could win $100,000 for your local school district and $500 to pay your electric bills.
We’re launching our annual Deck the House Contest to find the most over-the-top holiday decorations in America—the best “decked” house in the country, the one home so spectacularly decorated that everyone in town jokes your holiday decorations could rival Rockefeller Center’s.
If this sounds like your house, upload a photo or video of your home to our contest page from Nov. 26 to Dec. 16 to deckthehouse.patch.com/contest/Redmond.
Only residents of Patch towns are eligible to enter. We’ll select 24 regional finalists, and from them, pick one grand prize winner. Patch will pay up to $500 of the utility bill for each finalist, while our national winner will have $100,000 donated to his or her local school district.
So, what are you waiting for? Now’s the time to get your holiday decorations out of the attic and “deck” your house.
After all, ‘tis the season.
Related Topics: Christmas Contest, Christmas Decorations, Christmas Lights, Deck the House, and holidays 2012If this sounds like your house, upload a photo or video of your home to our contest page from Nov. 26 to Dec. 16 to deckthehouse.patch.com/contest/Redmond.
Only residents of Patch towns are eligible to enter. We’ll select 24 regional finalists, and from them, pick one grand prize winner. Patch will pay up to $500 of the utility bill for each finalist, while our national winner will have $100,000 donated to his or her local school district.
So, what are you waiting for? Now’s the time to get your holiday decorations out of the attic and “deck” your house.
After all, ‘tis the season.
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