How rich: CTA parent group struggles with pension costs

How rich: CTA parent group struggles with pension costs

The following news nugget almost has an Onion feel to it, it’s such a perfect commentary on the aggressively dishonest Maviglian/union narrative about pension affordability. But it’s legit.

The California Teachers Association has spent years depicting complaints about the costs of pensions as being driven not by, you know, math — but by the evil agenda of those doing the criticizing. The CTA routinely characterizes pension reformers as people who are somehow doing the 1 percenters’ bidding by torturing the middle class. If you are a politician or a public figure of any kind, unless your name is Jerry Brown, you don’t get to question pension red ink in the Golden State without being attacked personally.

nea-cta-logoSo guess who else is worried about pension costs? The CTA’s parent group, the National Education Association. And it’s been worried for a long time about being overwhelmed by the ever-growing tab for its defined-benefits program — since at least 2007. The excellent @ReasonReform Twitter feed pointed me to this item by Mike Antonucci on the Intercepts blog, which monitors teacher unions:

“Almost exactly seven years ago, NEA found itself in a dispute with its retired employees because it was failing to fully fund its pension liabilities. The retirees received the support of the working staffers, and there were plans to picket the union’s Representative Assembly in Philadelphia that year.

“Faced with an embarrassing public relations situation, the union agreed to reach 100% funding of its obligations by 2021.

“After a recession, a weak recovery and unprecedented membership losses, NEA is in a bit of a bind fulfilling that promise. In 2010, it sought pension relief from Congress, bewailing how difficult it was to fund its defined benefit plans under current law. NEA government relations director Kim Anderson sent a letter to the House detailing the problems:

“‘And it is not just the plans that are jeopardized by this funding crisis:  many of NEA’s affiliated associations are being forced to postpone, curtail, or eliminate regular services, staffing, and capital improvements, often on top of increases in member dues. This is because, absent relief, the average NEA affiliate is facing the immediate obligation to make funding contributions equal to 37 percent of its payroll, just to maintain its defined benefit pension plan.'”

“With membership still falling and national dues levels stagnant, it seems NEA is trying to renegotiate that 2021 deadline.”

Join the club, NEA, join the club. As Antonucci writes …

“All of this was entirely predictable and, like state governments, NEA keeps hoping that some external force will make the impending catastrophe go away. So stalling is the preferred tactic.”

I’m going to try to get details on how the CTA’s internal pension plan is doing. Should be fun.

Share

16 comments

Write a comment
  1. John Seiler
    John Seiler 30 May, 2014, 08:49

    As the late Jackie Gleason used to say, How sweet it is!

    Reply this comment
  2. Steele, Ted, When only the very best will do!
    Steele, Ted, When only the very best will do! 30 May, 2014, 09:31

    Chris— you need to be much less sensitive– OF COURSE you are doing the 1% -ers bidding. The working stiff teachers educate your bratty kids, protect them all day for their entire childhood and fill their soul’s with some pretty nourishing things—- all you want to do is break the promises you made them through your elected reps. The 1% folks LOVE clones like you sir.

    I bad you are a VERY stingy tipper.

    Good Day.

    Reply this comment
  3. Chris Reed
    Chris Reed 30 May, 2014, 23:53

    This is Ted at his pathetic worst — not even addressing the facts reported, just offering cheap shots.

    Hope you enjoyed your self-pleasuring, Ted.

    Reply this comment
    • Rex the Wonder Dog!
      Rex the Wonder Dog! 31 May, 2014, 11:05

      Donk Teddy C Steals cannot address facts, it is over his pay grade 😉

      Reply this comment
    • Bud Led Ted S.
      Bud Led Ted S. 31 May, 2014, 15:27

      Of course I addressed the issues in your post Chris– I quoted you little buddy!

      Then I wrote on using sarcasm to illustrate the point that you are indeed, again, quoting you, “doing the 1% ers bidding”.

      There is a pattern here Chris– every time I strike at the core of your dull-normal nonsense, YOU get very sensitive and react as you did here.

      Nothing personal pal—- you just consistently spin the same old yarn.

      Reply this comment
    • Bud Led Ted S.
      Bud Led Ted S. 31 May, 2014, 15:31

      and Chris, while you’ve demonstrated that you have deep seated onanistic phobias, —- despite what you may have heard from your religious right buddies— self pleasuring is always enjoyable!

      Here endith the lesson.

      Reply this comment
      • Donkey
        Donkey 31 May, 2014, 16:54

        The old Soviet model, “you have problems mentally. if you don’t agree with us! TCS, you are the RAGWUS feeder extreme. 🙂

        Reply this comment
        • Bud Led Ted S.
          Bud Led Ted S. 31 May, 2014, 20:20

          Soviets didn’t invent ignorance little buddy! It started in Mesopotamia.

          Reply this comment
          • S Moderation Douglas
            S Moderation Douglas 31 May, 2014, 22:31

            Doinkey am not have mentally problems.

            Maybe Bud Led Ted misogynist??

            Google “Ragus”

          • Bud Led Ted S.
            Bud Led Ted S. 1 June, 2014, 07:50

            OK Douglas— nice job sir— post of the day!!! LMAO

  4. Bud Led Ted S.
    Bud Led Ted S. 31 May, 2014, 15:21

    So good this post just HAS to be re-seen!

    Chris— you need to be much less sensitive– OF COURSE you are doing the 1% -ers bidding. The working stiff teachers educate your bratty kids, protect them all day for their entire childhood and fill their soul’s with some pretty nourishing things—- all you want to do is break the promises you made them through your elected reps. The 1% folks LOVE clones like you sir.

    I bet you are a VERY stingy tipper.

    And a Good Day to you sir!

    Reply this comment
  5. Chris Reed
    Chris Reed 1 June, 2014, 00:13

    The NEA complains that defined-benefit pensions are unaffordable. Ted doesn’t ever comment on this immense hypocrisy. He just makes himself feel good.

    Sigh.

    Reply this comment
    • Bud Led Ted S.
      Bud Led Ted S. 1 June, 2014, 07:53

      Chris– I get to comment on anything in your argument— I choose to comment on the spots I do which typically unravel your whole misguided thesis. You, being in denial, are usually unable to admit defeat.

      To quote Kilgore Trout……and so it goes…..

      Reply this comment

Write a Comment

Leave a Reply



Related Articles

Gov. Brown’s $23.6 million

As Major Kong in “Dr. Strangelove” is about to begin “nuclear combat toe-to-toe with the Russkies” and start Armageddon, he opens

Incentives eyed to spur job growth

Feb. 18, 2010 By KATY GRIMES In spite of the federal stimulus money invested in California, unemployment is still in

Non-California nuttiness for a change

Oct. 21, 2012 By John Seiler It’s a statistical fact that 99 percent of the nuttiness in America originates in