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Saturday, October 11, 2014

Loophole gives Illinois teacher union bosses extra state pensions

Taxpayers on hook for millions in retirement benefits unrelated to teaching

Thanks to a loophole created by the Illinois legislature, retired teacher union leaders are getting pension credit for the years they did union work after leaving the classroom. The arrangement has put taxpayers on the hook for millions of dollars in retirement benefits unrelated to teaching, and further drained an already overburdened state pension fund.

Collectively, 40 retired union leaders draw $408,136 per month in Illinois teachers’ retirement pension, or $4.9 million per year, according to data generated at the request of The Washington Times by OpenTheBooks.com, an online portal aggregating 1.3 billion lines of federal, state and local spending records.

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1 comment:

Anonymous said...

Illinois home of the political criminals.