My family is full of teachers. I respect teachers. I value what they do. But let’s get real here. This – as my old buddy might say – is “a straight up jack move” from the unions. This is theft from the taxpayers. Sorry. I know your union “negotiated” the pensions with politicians which got money from your union but it is just stealing with the veneer of bureaucratic legitimacy. You know it. We know it.
The median household income (total) in Illinois is $54,916.
The public pension largess is not only for government educators, but also private education associations and union bosses. For example, Reginald Weaver was President of the National Education Association (NEA) in Washington, D.C. – the de facto national teacher’s union. Weaver’s Illinois teacher’s pension is now $22,759 per month, or $273,108 annually.
Moreover, many administrators taking six-figure pensions really aren’t even ‘retired.’ Twenty-one highly compensated school administrators are now members of the municipal system, not the teacher’s system. It’s double-dipping: receiving a ‘teacher’ retirement pension, while also rehired by a school under the ‘municipal’ plan.
Read more at Against Crony Capitalism.