Teacher Archives - DR News - News, Retirement, Finance

Retired Teacher Loses RM1.2mil in EPF Savings to Cryptocurrency Scam

ALOR GAJAH, Malaysia: A 70-year-old retired teacher from Alor Gajah has fallen victim to a cryptocurrency investment scam, losing a staggering RM1.2 million of her hard-earned Employees’ Provident Fund (EPF) savings. The scam unfolded when the teacher joined a social media group that lured her in with promises of high returns on her investment. The victim, who had kept her EPF savings in the bank since retiring, was enticed by the prospect of multiplying her …

Teacher Fired for Rapping at Taylor Preparatory High School in Detroit Area

Detroit, Michigan – Domonique Brown, a history teacher at Taylor Preparatory High School, found herself in the spotlight after being fired for her side hustle as a rapper. Known as Drippin Honey in the music industry, Brown faced criticism from a parent who deemed her rap career a negative influence on students. Despite being named teacher of the month in December, Brown was let go from her teaching position after a parent’s complaint. The parent, …

Insurance Hikes Delayed as Orange County Schools Agree to Record Teacher Raises

Orlando, Florida – Orange County Public Schools and its teachers union have come to an agreement that will see significant raises for most teachers in the district. The deal, which includes a nearly 10% raise for teachers, marks a “historic” moment for the school district. In addition to the pay increases, the agreement also entails an adjustment in insurance premiums for employees, although the full cost of these increases will not be imposed until the …

Devoted Teacher Angie Olson, 78, Overcomes Retirement Scam to Continue Impacting Lives at Freedom Elementary

WEST FARGO, N.D. – Angie Olson, a 78-year-old teacher, has dedicated her life to educating children in the local community. Despite retiring in 2015, she found herself back in the classroom, pursuing her passion for teaching. Her journey began on a farm near Brampton, where she was inspired by her teacher, Presentation Sister Olivia. Olson’s interest in becoming a nun led her to spend five years at a convent, contemplating a religious life like her …

Alaska’s Challenges with Teacher Retention and School Funding Dominating Legislature

JUNEAU, Alaska – The challenges of teaching in remote Alaskan villages include a lack of pensions for teachers and financial struggles. Without a pension system, many educators are finding it difficult to stay in their beloved rural communities, despite their love for the lifestyle and the close-knit nature of the villages where they live and work. Cory Hughes, a teacher in Nunapitchuk, a village with a population of 525, has found himself in a dilemma. …

Teacher Shortage Crisis Grips Remote Alaska Village Due to Lack of Pensions and Rising Costs

JUNEAU, Alaska – Cory Hughes, a teacher in a remote Alaska village, faces the harsh reality that he may not be able to afford retiring there due to the state’s lack of pension plans for educators. Despite his love for the community and its unique way of life, the financial strain may force him to leave sooner rather than later. The current lack of long-term planning in Alaska’s school system is a topic of concern …

Widower bilks $781k in pension payments sent to long-dead teacher wife

NEW YORK (AP) — City officials in New York have discovered a shocking case of theft involving more than $781,000 in pension payments meant for a deceased schoolteacher. For 18 years, a widower secretly pocketed the money, and the Teachers’ Retirement System (TRS) has been unable to recover the massive sum. The incident is considered one of the most egregious cases of an individual collecting undeserved payments from the $100 billion pension fund, according to …

Gov. Mike Dunleavy Casts Doubt on Public Sector Pension Plan, Touts Teacher Bonuses as Alternative

JUNEAU, Alaska – Gov. Mike Dunleavy of Alaska expressed uncertainty about the future of a bill aimed at transitioning many public-sector workers back to a pension system, despite it recently passing the Senate with bipartisan support. The proposed bill would offer state and local government employees, including teachers, the option to switch from the existing defined-contribution retirement plan to a pension plan. Advocates argue that this change would enhance the recruitment and retention of employees. …