Feb 6, 2012
Maryland’s governor proposes to shift 300 million dollars per year in expenses for teachers’ pensions from the state to the local jurisdictions.
Maryland’s superintendent of schools admitted that one third of Maryland’s counties put less money into their school budgets this year than last – which shows that the counties will not make up the difference.
Teachers already pay Social Security plus 5 to 7% of their salaries for their retirement, like other state employees in Maryland. Now the counties and city of Baltimore will demand still more.
It’s nothing but a scam run by politicians who drain public money into corporate bank accounts.