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858 S.D. County educators collect pensions of $100,000+

It's obvious that none of them were average or rank-and-file teachers. It might be possible that a handful of them were in highly-paid districts and served for forty-or-so years. The real abuse, and which is widely practiced, is a form of spiking the benefit. The pols have tried to convince voters that public employee spiking has been curbed; it hasn't for STRS. No matter how modestly a teacher has been paid for decades, if he/she can move into the admin ranks for a few years, his/her retirement benefit can be jacked up, way up. The benefit calculation uses a "base" year earnings to determine the retirement payout. Anyone in the system who has 25 or more years of credited service uses the single highest year as the base. For nearly all of the teachers and school administrators, that is the last year of employment. And so, superintendents and their retinue of paper-pushers, and principals, all arrange pay arrangements that put their final year of earnings up as high as they dare. The poster boy for this abuse is Collins, recently-fired "supe" of the Poway district. Even though he has made a guilty plea for financial irregularities and had agreed to a substantial restitution, it is most unlikely his retirement benefits will take any hit. And his monthly payout will be based on his gigantic $400K+ final annual salary. Expect him to head the list of those who are pulling down over $200K a year, or maybe even $300K.
— May 10, 2018 7:34 p.m.

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