Originally Posted by
Bill Dufour
When teachers or school administrators retire they can not be rehired, by their original district, full time unless they get a special dispensation from the state due to a shortage of their speciality. They can go back and work part time or as a substitute. Once they make more then 20,000 as a sub they lose retirement money equal to the amount over.
Bill D
This is a similar situation with many beneficiaries of CalPERS (California Public Employee Retirement System). A similar rule applies to me. My last employer was a public transit agency. My situation is different from a lot of other CalPERS retirees. Many people like teachers, law enforcement, fire fighters and others work their whole career in a public agency. Mine was about half public, half private sector. My contributions to my retirement funding during my public agency career were enough to disqualify me from receiving any Social Security benefits. It is fine with me that other retirees are benefiting from my contribution.
During my private sector work one business I serviced was a maker of industrial hot melt glue equipment near Monterey, CA. These units had large sprayers that were fed from 55 gallon drums. The units held two drums to allow replacing the drums without having to stop. My contact person there told me one of their applications was for gluing in the floor mats on automotive assembly lines. One of their employees left and took some workers with him to compete. The two big makers in the business were within a mile of each other.
This was likely before they thought of noncompete clauses in hiring paperwork.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)