Monday, February 3, 2014

Speaker Loome outlines teacher pay raise plan

Speakah Philip Loome issued this press release today:

Speaker Gunn Outlines House Teacher Pay Raise Plan
Jackson, MS—Speaker of the House Philip Gunn today held a press conference at the State Capitol to outline the House Teacher Pay Raise Plan or House Bill 504 (HB504). He was joined in the rotunda by members of the House of Representatives.
During calendar year 2015, HB504 increases the starting salary of teachers by $1,500. This brings Mississippi in line with the Southeastern average.  This increase would happen automatically for every teacher in his or her first five years of teaching. Secondly, HB504 establishes 22 benchmarks to help identify the marks of a “good” teacher. These benchmarks identify those teachers who are dedicated to their profession and to our children.  Any teacher who satisfies three of the 22 benchmarks would be eligible for a pay increase of $1,500 in calendar year 2015, just like the starting pay increase.
“These benchmarks are easily achievable and can be attained by any teacher who is engaged in the classroom,” said Speaker Gunn.
Furthermore, HB504 calls for a $1,350 raise in Year 3, and a $1,400 raise in Year 4.  According to Mississippi State Economist Darrin Webb, the growth projections for Mississippi over the next three fiscal years are 4.4 percent in FY16, 4.1 percent in FY17, and 3.7 percent in FY18.  

“Our plan places a trigger in these budgets that says that if growth is three percent or better, then the first one percent of growth goes toward teacher pay raises,” he continued. “Should this growth occur, it will result in a $1,350 raise in Year 3 and a $1,400 raise in Year 4. The effect of this is that our teachers will have received a $4,200 raise by July 1, 2018.”


Anonymous said...

Sounds reasonable, but low, although the other chamber will whittle it down by half until the end result is a teacher realizing about $36 net per month. Bank on it. History proves it.

Don't know why you refer to him as Loome unless you belong to the camp that believes a raise every fifteen years is sufficient for the proletariat.

Pugnacious said...

From BiggerPie Link proving Chicken Little right and Shallowfaux wrong:The Sky is Falling!

Anonymous said...

Pugger: 'The link you provided cannot be found'. But thanks.

6:12 again said...

PugFish: May I try again? If you'd bother to take a look at prior raises for certificated personnel you'd be amazed at the parallel between reality and my suggestion above at 6:12.

Instead you prefer to rely on the unreliable.

I recall once a family member in the teaching profession getting what the legislature called a FIVE HUNDRED DOLLAR RAISE FOR TEACHERS. Divide that by 12, subtract federal tax, state tax, PERS contribution and Social Security and see what figure you come up with. Let me save you the trouble...about six bucks a week, just over a dollar a day.

Anonymous said...

An assist for Pug.

Anonymous said...

OK, I'm lost. What's with the reference to "Speaker Loome?" Didn't get it.

Anonymous said...

February 4, 2014 at 8:14 AM = jackassery challenged jackass

Anonymous said...

He is in Nancy Loome's pocket.

Anonymous said...

8:28; can you comment on the purpose of your link?

Pugnacious said...

8:28; can you comment on the purpose of your link?

From the BiggerPie link:

...Where does most of this indebtedness come from? Pensions.

According to SBS, Mississippi's total debt is $54,686,815, and $48,808,343 of that is market valued unfunded public pension liability. This is the amount of pensions that have been promised for future payment but for which the state does not yet have the money.

SBS finds public pensions to be a leading factor of state debt across the nation, accounting for over 75 percent of total combined state debt.

What will be the impact on state finances? According to SBS,

"Over time, state debt will exact a toll on state budgets. Money once expected to fund vital services like education and healthcare will have to be redirected to debt service, increased contributions to public pension systems, and more."

Is this an acceptable risk to lay on future generations—or maybe even our own?...

Anonymous said...

"This is the amount of pensions that have been promised for future payment but for which the state does not yet have the money."

What you fail to realize, 5:56, is that along with not yet having reserves to pay for future pensions, we also do not yet have the obligations now. This is the way every pension program (private or public) including social security works. They're all ponzi based. Change the dynamics of the formula instead of clamoring to shit-can the program.

If you think you're in danger of running out of toilet paper, devise a system of ordering to meet future demands instead of dynamiting the restroom.

If every future pensioner were to retire immediately, no program could survive.

If every highway in America were to collapse tomorrow, no highway federal or state construction program would survive. If every insured were to die today, no life insurance company would survive. If every child named in a college savings program were to enroll tomorrow, none of the programs could meet the demand. Likewise, if all state, municipal, highway patrol employee and legislature member were to retire this week, no program could meet the demand.

You seem to know less about how these things work than Kingfish does.

Pugnacious said...

And your solution? Printing more currency to cover the deficit? The printing press money solution adopted by a WWI-defeated Germany-- in response to the victor's "war-guilt" demand that Germany should pay for the war-- did not solve the problem.
And Yellan and Fischer will not be pulling any rabbits out of the hat, either
You seem to know more about how these things work. What is your solution, other than one of digging the deficit-hole even deeper.

Anonymous said...

Give us some examples of the changes you'd like to see in the pension systems since your an expert. Put up.

Sky Ain't Fallin' said...

Amazing that Kingfish, I mean Pugnatious, won't outline any plans of his own...yet he has the ability to state what the plans of someone else are.

The design of the program and the law establishing it require that an elected board be in charge of the whole shebang, along with a few elected officials with related knowledge and background. It's not up to private citizens to redesign the system or to develop plans to retool it.

The sky ain't fallin'. Experts are in place. The wheels ain't fell off. No program in this country would survive if what you Gumps suggest were to take place tomorrow.

You naysayers wanting the nuts to come loose so the wings will fall off will have to perch on another buzzard-roost. This one is in fine shape.

Pugnacious said...

How did those experts come up with something like a a 12% return on investments?

I cannot come up with a solution to the coming pension disaster, but your metaphor is right on. All I got is a song

Anonymous said...

So will the rest of the state employees get a raise? The ones who work 12 months a year. The ones who make less than teachers and have not had a raise in over 7 years either.

Just wondering.

Anonymous said...

Perhaps, then, you will join Ronnie Milsap Sunday at the Coliseum.

Anonymous said...

All PERS participants and retirees got a fact-loaded monthly mailing this week. Find one and educate yourself Chicken Little.

Pugnacious said...

Chicken Little, aka Bigger Pie, nails it again!

The Mennonite higher education model works, but does it have more to do with ethnicity than Bible and the rod?

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