Nearly 22 Percent of Retirees from District 155 Receive $100,000 Pension
The Daily Herald reports there is a higher percentage of six-figure pension payments being doled out to retired educators in six suburban counties, including McHenry County.
Photos
Compared to the rest of the state, a higher percentage of retired McHenry County educators are receiving six-figure pension payments, according to a Daily Herald article.
Of the educators retired from districts that serve Algonquin and Lake in the Hills children, 83 received a pension over $100,000 last year, according to information provided in an interactive map on the Daily Herald. In District 155, 21.9 percent of retired educators received a pension over $100,000 and on average, received an average pension payment of $72,058.77.
Average pension payments for retirees from District 300, 158 and 47 range from about $40,000 to $57,000, according to an interactive map posted on the Daily Herald.
While six-figure pensions make up seven percent of the total pension payments in Cook, DuPage, Kane, Lake, McHenry and Will counties, less than one percent of retired educators in the remaining Illinois counties bring home that amount, according to the Daily Herald.
Ellen Levy
2:16 pm on Wednesday, March 6, 2013
Wish I did. But I guarantee they earned it!
Dan Arenov
2:24 pm on Wednesday, March 6, 2013
Many people are angry at these people who are getting these fat pensions.
I don't find them at fault. We just need to change the program going forward, as it is unsustainable. Our education tax dollars should be spent on education.
Pay them well, but let the teachers fund their own retirement as the vast majority of American workers do.
Si
6:36 am on Thursday, March 7, 2013
The teachers DO pay into their own pensions. It is deducted from their paychecks just as money is deducted from my paycheck. My employer matches my contribution, while the teachers union does not match, it contributes very little.
Dan Arenov
8:41 am on Thursday, March 7, 2013
Where did you hear this from? It sure seems to contradict everything we've been hearing over the last couple of years. The teachers contribute very little, percentage wise, and the state picks up the rest.
Bucephalus
9:28 am on Thursday, March 7, 2013
Dan, a simple Google search could have told you the answer, it's really not that hard to find that fact.
"Active teachers contribute 9.4 percent of their paycheck to help fund TRS and school districts contribute 0.58 percent of every teacher’s salary to the System."
-http://trs.illinois.gov/subsections/press/PensionReformProposals.htm
That's the current policy. Various reforms, most notably from Rep. Cross, would increase that, his bill increasing it to 10.4 percent (another proposal would raise it to 11.4 percent).
Dan Arenov
9:41 am on Thursday, March 7, 2013
Bucep,
I clicked on the link. Sorry, but i'm not trusting the website without finding an opposing website that represents taxpayers' interests...don't have time for that right now but i'll look at it some other time.
Anthony P.
11:49 am on Thursday, March 7, 2013
And so do my property taxes. Ever look at the breakdown that they send you once a year? It's a little absurd if you ask me. THIS is how their pensions are 6 figures. Must be nice. I see this getting reformed sooner than later.
Yvonne P
7:39 am on Thursday, March 7, 2013
First of all, there should not be this huge difference in the amount depending on the district. It needs to be more equitable. I guess this is also the reason that so many older teachers whose ideas and methods are obsolete, whose patience and love of children have worn thin hang around....... to collect their fat pension checks at the detriment of the children !
Andrew Gasser
9:32 am on Thursday, March 7, 2013
There is a reason Illinois is broke. We have young men and women returning from war missing legs, arms, or worse... and they get nothing like this.
The system here in Illinois is so broken.
Andrew Gasser
Thom R
6:16 pm on Thursday, March 7, 2013
The pension issue can be quite polarizing when put in the context of the highest payouts. A balanced approach to current pension recepients and new workers is needed to fight the demographics that makes pensions problematic. Google Canadian Teacher pension "eve loo tion" for a pretty balanced view with insigths from the US, Canada, and other countries. About 23 minute documentry.