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Teachers from the West Kentucky region rallied in downtown Greenville to voice their concern about a proposal to move public sector workers, including teachers, from a pension to a 401 (k) savings scheme, writes Paige Hagen for 14News.com.
“Teachers work their whole career, and for very little pay, expecting a comfortable retirement,” Muhlenberg County High School special education teacher Crystal Chappell is quoted saying. “So, to take that away from us in midstream is just wrong.”
There are about 42,000 public school teachers feeling the same pressure, wondering if their pensions will be switched to the DC-type scheme.
“We’ve got lots of state workers and county employees that are affected if cuts are made to our pensions,” Chappell is quoted saying.
More: State also considering increasing the retirement age.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapensions.ca.

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