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Retirement deadline concerns Janesville teachers; board seeks resolution

By FRANK SCHULTZ ( Contact )   Wednesday, March 13, 2013 - 4:47 a.m.
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JANESVILLE--Thirty-five to 40 Janesville teachers are anxiously waiting to see what the school board will decide about their retirement benefits.

The teachers, who are eligible for retirement this year, must declare their intention to retire by April 15. If they don’t retire, they risk whatever changes the board might make.

Non-teaching staff members face the same problem, if not the same deadline, with a total of about 90 employees eligible to retire this year, officials said.

The board met with employees Tuesday to discuss possible retirement-benefit changes.

For a full story, read Wednesday’s Gazette, read online in the Gazette’s E-Edition or check back at GazetteXtra.com.




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(7)
bleeding_heart
Mar 13, 2013 at 8:08 p.m.
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If you can retire, do so. The best you've got is what is currently available - your benefit package WILL NOT get better if you hold out for another year or so. If you want to wait - do so, but don't complain when you lose out.

whz_bng
Mar 13, 2013 at 9:38 a.m.
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And when Obama care goes into effect you will all be covered. Don't worry about it. You voted for it.

woodsman
Mar 13, 2013 at 8:51 a.m.
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I would like to inform the people if your contemplating retiring just because of health benefits,your living in a dream world,it's only paper,means nothing,can be changed at any time,is not a guarantee set in stone,i can make testament to that,mine was great when i retired,after all the cuts through the years,welfare,SSI,to just name a few,have better insurance then i!! Just to let you know what paper is good for,i think you get that??

Slickster
Mar 13, 2013 at 8:27 a.m.
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Sorry Buzz....I replied after misreading your response. I think that all a person can expect with certainty is what benefits are for the year they retire.
It seems to me that asking a school district to forcast what retirement benefits will be in the future is problematic...especially in these times.
There is a wise saying "you know what you got. You don't know what you're going to get"

Slickster
Mar 13, 2013 at 8:20 a.m.
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I understand your point Buzz, however, the article states that they will discuss POSSIBLE changes. What good will it do to hear 'we will possibly change healthcare benefits'?
It would seem to me that if the employee must notify the District of his/her upcoming retirement by 4/15 then the District should have an obligation to give employees DEFINATE information on upcoming benefit changes at least 60 days prior to the 4/15 date.
Maybe I expect too much.

BuzzMcPhearson
Mar 13, 2013 at 7:30 a.m.
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@Slick. I think (not an expert) this has to do with health care benefits. Those that retire this year know what their health care benefits will be, the problem is that those who may want to wait a year or two have no idea what the district will offer for health care benefits for retirees. Most districts, by this time of the year, have that information available so employees can make an informed decision.

Slickster
Mar 13, 2013 at 6:57 a.m.
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It seems to me if you are ready to retire then you retire. Telling people about 'possible' changes shouldn't be a dealbreaker. The only sure thing is that we will die. Teachers know what their monthly base retirement amount, they certainly should know how much they have saved.....if you are ready for retirement 'take the money and run'.....knowing possible benefit changes doesn't seem helpful to me. It's possible that each of us will die next year.....or maybe not? How is this information helpful?
In my opinion if you are ready for retirement then you are less ready for employment.

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