Infinite Banking and KPERS

Retirement for Teachers Looks Shaky

Thinking about my father, wife, mother (who are teachers or have worked in the public school system) and countless numbers of teachers I've known through the years it occurred to me that state supported retirement funds, such as KPERS (here in Kansas) have been shaky at best lately in terms of funding and promises to deliver on future funds to its retired teachers.  Coming across this article from the KNEA home page and inset articles like this one from the Wichita Eagle make me wonder in honest inquisitiveness, will these propped up plans and recovery systems to ensure proper funding really work?  The better question is will the money paid in to "the system" by lifetime educators really be there?

If, according to the article, the state is supposed to contribute a set amount but underfunds or the state goes to a defined contribution plan (which KNEA opposes) then who's stuck at retirement time?  You guessed it - teachers and other vested KPER contributors.  Then I have to ask myself, with retirement numbers jumping higher and higher as boomers retire from service and more dollars pouring out than in "the system," what's a younger generation to think about this whole deal?  This thing looks shaky.  This post is not meant to say that KNEA can't handle its business regarding the best care for its teachers or vested employees, this post is simply to ask - could there be a better more assured plan for retirement for teachers who want a more sure foundation to stand on in regards to retirement income?

The whole intent here is to ask do we REALLY believe in what we thought we knew about our retirement pension as public educators?  Could there be another incredible option/financial vehicle for teachers that is better suited for some teachers who are willing to step out of "the box?"  I believe there is, and it's called The Infinite Banking Concept.  The concepts taught through IBC flies in the face of what we thought we knew, but it is most assuredly worth the investigation.