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Tag: taxpayer dollars

Teachers should exercise caution [letter] | Letters To The Editor
Fitness

Teachers should exercise caution [letter] | Letters To The Editor

The story that appeared on Page A3 of the Aug. 7 Sunday LNP | LancasterOnline (“Report shows where PSERS money goes,” The Philadelphia Inquirer) should scare every teacher in Pennsylvania!The article describes how the state’s Public School Employees’ Retirement System invests teachers’ retirement money. Since we (taxpayers) pay teachers via school taxes, it should make us angry too. I believe it is the epitome of dumb, dumber, dumbest.Dumb? The retirement system’s past and current investments include hedge funds, junk bonds and troubled European companies, which is dumb. Chasing unrealistically high returns carries high risk. Translation: You’re a dumb inve...