Posted on 06/07/2018 4:59:47 AM PDT by simpson96
In Illinois those teachers got a job when they were 22 and retired when they were 55 with 35 years of service( thats because they get lots of vacation and sick days while only working 180 actual days each year.) And even though they spent their whole life never getting a promotion with tenure there was no threat of losing their job. Illinois teachers get pensions that go up 3% a year, pay state taxes and get free health care for life.
While they will never admit it. Every single Illinois teacher who retires with 30 years of teaching is a multi-millionaire. Thats because their pension is a guaranteed annuity that is worth millions. But governments never count that when figuring net worth.
The only pension I will ever have is what I put into my investments and 401K. I don’t begrudge them their pension, but it’s way out of proportion to what they do, it comes out of the taxpayers pockets, and they often whine about not making enough.
It is an incestuous relationship between teacher’s unions and state government. The union delivers the votes, the state delivers the wealth of the taxpayers to the teachers in pensions and benefits. It is a criminal racket.
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