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

Ellen Levy March 06, 2013 at 08:16 PM
Wish I did. But I guarantee they earned it!
Si March 07, 2013 at 12:36 PM
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.
Yvonne P March 07, 2013 at 01:39 PM
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 !
Bucephalus March 07, 2013 at 03:28 PM
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).
Andrew Gasser March 07, 2013 at 03:32 PM
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
Anthony P. March 07, 2013 at 05:49 PM
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.
Thom R March 08, 2013 at 12:16 AM
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.


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