School teachers are allowed to get full pensions and full social security also where fire fighters only get 1/2 of their social security due to a bill put in during the Reagen administration.
Forty years ago, the school system was more male dominated- about 50/50, now the school department has a much higher rate of women.
This article was interesting…
Nearly 100 retired educators in the Commonwealth were allowed to earn their full salaries while collecting full pensions in the past school year, a growing practice critics call state-sanctioned “double dipping.”
The retirees collectively made more than $5 million on the job while taking home $5.5 million in pension payments, according to information obtained by the Globe…
“I’m double dipping and I’m happy to be doing it,” said Ralph Olsen, 62, who is finishing up his second year as principal of Durfee High School in Fall River and plans to return next school year. Olsen, who retired as Framingham High School principal in 2004, earns $87,311 a year in pension income and makes $140,000 a year in his new position.
The income boost sets him up for his real retirement down the road, providing extra “security in my waning years,” he said. “I’d like to think the benefits are mutual.”
What bothers also is that the last five years of earnings are the years they use to calculate retirement benefits and they boost earnings up with saved sick pay,etc.