I fear the mass boomer retirement

ALBANY - New York has nearly 13,000 fewer educators than it did five years ago, while the number of retirees continues to swell, state records show.

The number of active educators in the state’s Teacher Retirement System fell 4.5 percent between 2011 and 2015, the system’s annual report shows. At the same time, the number of retirees soared: up 8 percent, or by 11,600 new retirees.

In Dutchess County, the number of retirees and beneficiaries in the system rose 12 percent from 2011 to 2015; the annual paid benefit jumped 19 percent in that time, from $112 million to $133 million, according to the report.

Via Pension Tsunami


How many teachers want to wait out another eight years of Bernie Trump?  The boomers are going to bale in a larger group on regime change boundaries.  In fact, mass labor movement, of all kinds, seems to be caused by bad government planning.