I have followed with interest the letter from Tyler Bond, of the National Public Pension Coalition, regarding some charter school teachers receiving lower pensions than those enrolled in the Teachers Retirement System of Louisiana. The subsequent letter by Darryl Sanderson is right on point. It is hard to find sympathy for any argument that proposes adding even more people to the Teachers Retirement System wherein one can retire after 35 years and receive 86 percent of their highest salary.
It takes a longtime educator feeding at the public trough to make that argument. To add perhaps a finer point on the matter: No Louisiana state income tax is levied on that generous Teachers Retirement pension, whereas private sector retirees do pay Louisiana state income tax on their pension.
insurance industry retiree