Letters to the Editor

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PENSIONS: Plan reflects legislative immorality

Letter by F. Keith Brown, Puyallup on Feb. 9, 2011 at 9:47 am with 4 Comments »
February 9, 2011 11:09 am

Re: ” Lawmakers seek minimum state pension funding” (TNT, 2-9).

As a retired member of Teachers’ Retirement System Plan 1, I am equally angry and sympathetic. I’m angry that after 30 years of living up to the yearly contractual requirements I agreed to with the districts and citizens in the communities I served, now due to malfeasance by legislators only interested in protecting votes, I may see the contracted annuity payments to which I contributed over 30 years reduced.

Like the 30-year mortgage on a home, legislators appear to have decided to just walk away.

On the other hand, I too want government spending cut. I know, it’s the old “you can’t have your cake and eat it too,” dilemma, but it still doesn’t reduce my anger at corrupted state legislators and governors who did not live up to the contractual obligations that members of the state‚Äôs pension plans abided with while legislators and governors spent the money elsewhere.

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Leave a comment Comments → 4
  1. Roll_On says:

    Your union that negotiated those contacts supported those same legislators with your union dues. Maybe you ought to have a chat with your union leaders?

  2. aislander says:

    Mr. Brown you are perceptive. Your union leaders and the politicians they supported lied to you, and obligated us taxpayers to an unsupportable arrangement. I hope to see both riding in tumbrels sooner rather than later…

  3. thellene says:

    The Governors proposal for changing payout from TRSP1 is to cease providing an “inflation” increase that is not tied to inflation and, when passed, included the potential for reduction at some time in the future.

    In other words, pensioners received an extra benefit in 1995 and it is now being recommended that benefit be removed, at least temporarily.

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