Despite the fact that in 12 states, teachers can opt-out of the social security system, and instead pay into a private accounts, the NEA has this to say:
The National Education Association believes that we must preserve a strong retirement security system to protect America’s hard-working families. Traditional public pension plans and Social Security are under increasing attack from those who would privatize these essential safety nets.
NEA has three priorities for Social Security legislation in the 109th Congress:
Oppose any efforts to privatize Social Security;
Ensure that public employees who are enrolled in and have paid into other retirement security plans are not mandated to participate in Social Security; and
Repeal unfair offsets - the Government Pension Offset and Windfall Elimination Provision - that deny earned Social Security benefits to many public employees.
So, in plain English - this means, we want all you suckers to keep paying into SS, but we want to keep doing what we're doing. Don't touch OURS. What some districts have is nothing more than PRIVATIZED Social Security. They don't want anyone else to have this "opt-out" option, and they don't want their situation taken away.
Another reason so love the NEA.
H/T - well, I heard it on Bill Bennett's show this am :)
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