Please talk Newstalk 7: 70 AM 9 2 five
FM W V N N Phil Williams right side
radio solid conservative and just plain right I thought
my mike was off there for a second you
yell at Newstalk twice copper I just you're good
I yelled it twice and then I thought am
I I couldn't tell just one of those technology
things folks hey listen that that last thing we
did there with Shay Shellnut was a direct you
know it was it was a direct part of
the number one of the triple dipper whose state
house is this this is the last day it
appears of the legislative session am I frustrated with
the session very much so less frustrated today except
other things are still happening so we'll wait and
see but I will tell you this that that
transgender therapy build I'm personally a fan and then
the other one that is still working its way
through I'm pretty interested to see how it goes
whether the house will truly concur if they will
take it up and concur with it and that's
that's two major pieces of what I would call
social conservative policy that they got past other things
have happened though story off of al .com I
touched on it briefly before sitter Shellnut called in
let me go into more detail here for you
just not right now Alabama lawmakers according to al
.com dated two days ago approved a teacher retirement
benefit change and the massive pay increase that I
talked about so the AEA the AEA if there
was a winner of this particular session it's the
teachers union the teachers union had a bang up
year I am I am not I have not
seen this much capability from the teachers union since
before the 20 10 elections when we emasculated them
the AEA got their way by blocking all school
choice the AEA got their way by having massive
budget increases the AEA got their way by getting
the numeric act pass that puts 9 00 new
" math coaches out there in the schools I'm
sure many of whom will become AEA members the
AEA got their way in a standardized pay increase
which then got increased even further in the same
session how does that happen two raises within a
month of each each other well they also got their
way because they changed the retirement plans now the
RSA the retire assistance of Alabama do not think that
thing is so entirely solvent that it's just you
know without fail it it's got every opportunity to fail
there's a there's a provision within Alabama law that
requires that the retirement systems of Alabama have an
8 % yield or the equivalent there of you
know what that means who gets 8 % every
year in the market nobody you might have 6
% here or 3 % there but you're not
gonna average 8 % overall in totality on any
retirement plan so what does that mean the state
legislature has to prop it up every single year with
huge appropriations to bring it up to the equivalent
of an 8 % yield on retirement it's a
massive drain on top of that when we first
got elected in 20 10 the Republican wave it
was so awfully behind that two independent studies one
from Northwestern and one from university of Chicago both
said that our state retirement system was at risk
of failing and collapsing on its own weight by
the mid 20 20s if we didn't make some
changes and so unbeknown to the members who didn't
wanna believe it when I finally told him Dr.
Bronner himself ahead of the retirement assistance of Alabama
advocated for the legislature to increase employee contributions to
their own plan oh whoa oh no how dare
you why would you do that don't you know
well OK anyway one of the things that we
also did was we changed we know we have
tier 1, tier 2 benefits meaning that most people
now when they enter into the education system they
can start collecting their benefits they have to work and
they can't draw benefit to their age 6 2
those higher before 20 13 start collecting when they reach
well and they changed it they changed it to
2 5 years so basically you can be if
you enter in right after college then at the
age of 4 6 you can start drawing your
retirement benefits well that's a huge that's a huge
deal that change takes affect let's see yep they
dropped it from 30 years make sure I read
this right the bill allows teachers hired honor after
January 1, 20 13 to draw the retirement benefits
after 30 years instead of having to work to
the age of 60 2 0 that's right they
changed that completely so it's basically what it does
is it makes the system have to pay out more
money sooner on top of that if you're a
teacher with seniority you got upwards of a 2
1 % pay increase now listen I have wonderful
educators in my family I have wonderful friends who
are educators I go to church I have small
group with people who are education but folks we
have to recognize it every time we do something like
this it's a perpetual expense it goes on every
year thereafter and so if you have a bad
year and you just gave a 2 1 %
pay increase to a section of the you know
state employees you can't go back on that you
have to maintain their pay and cut other things that's
that's something we have to think about the other piece
of this is you would also hope that we
would have results we just gave them and a
guaranteed pay income regardless of productivity so it doesn't
matter they have tenure so it doesn't matter if
their school is a failing school it doesn't matter
if their students are not you know passing muster
and graduating up to the next grade doesn't matter
if they're matriculating their students all that matters is
they're there and they got a 2 1 %
pay increase the private sector has never had a mandatory
8 % yield on the retirement and a 2
1 % pay increase ever Phil Williams right side
radio solid conservative just plain right switching gears here
we're gonna go to a quicker side Jessica Taylor
former congressional and US Senate candidate will call in
and talk about some comments that were made about
Mike Durant and her thoughts on it Phil Williams
right side radio will be right back