What a phrase!
In common vernacular it means doing it with the group.
Its very appropriate for this week.
The district is worrying about three years from now and going broke. So.. the tapped their greatest resource of greatest expense and offered a buyout for their ready or almost ready to retire employees. I do mean employees.
Offered through the PAR corporation who has 3.1 million beneficiaries, it buys a 403 b annuity for those people over 55 from funds provided by the district. It amounts to roughly 70% of your current salary. It can me taken in 14 ways from straight 5 year payout to life. It also can me "rolled over" into your own 403b or it can have survivor benefits.
At the meeting this week it was rumored that 147 of individual packets were prepared by this organization for our district. A large crowd of eligible people attended, looked over the figures and took them home to discuss with those that are near and dear.
Dead line for the decision is March 15th.
It looks pretty good to me.. so I will take mine in cherry.. thank you very much.
Love
Pat
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1 comment:
"drinking the koolaide" refers to doing things in the group, but almost always the way that groups go bad. It is a sad referral to when Jim Jones made his followers take the poison that he had mixed into the big vats of koolaid.
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