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.
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.