Posted on 10/16/2014 11:21:52 AM PDT by massmike
No matter how high they raise taxes in liberal Illinois, it will never be high enough. This gives an indication of why:
In 2011, the Chicago Tribune exposed a pair of Illinois teacher union lobbyists, Stephen Preckwinkle and David Piccioli, who substitute taught for one day and stood to collect nearly $1 million [each!] in state teacher retirement pensions from a severely underfunded system. The five Illinois pension systems have a $100 billion liability and the teachers fund may run out of money as early as 2029. Newspaper editorials, elected officials, the governor and citizens cried foul. Legislation was quickly passed to stop the abuse.
All fixed now, right? Of course not; only bankruptcy can slow down wasteful spending when liberals are in charge.
Even though all Illinois citizens were led to believe that the pension abusers had been stopped, within twenty-four months after the “reform” legislation passed, the union lobbyists retired and received their lifetime Illinois state teacher pensions. …
A couple of weeks ago, we spotted Preckwinkle and Piccioli within a long list of 30 state retirees from the Illinois Federation of Teachers (private sector teachers union). Sure enough, in 2014, Piccioli is receiving $30,564 and Preckwinkle $37,416 pensions (life expectancy pension payouts of nearly $1 million each).
The cases are representative of a system rotted through by greed.
The Washington Times recently ran a story based on data collected at OpenTheBooks.com exposing 40 private sector union leaders from the National Education Association, Illinois Education Association and the Illinois Federation of Teachers who cleaned out $5,000,000 a year in Illinois teacher pensions.
Data at OpenTheBooks.com shows that twenty-four of those union employees have already collected more than $1 million in retirement pensions. Because the union is a private sector employer, taxpayers have no say in the active salaries awarded to the union employees, but guarantee funding for the lifetime pension payouts.
Rank and file teachers in Illinois, many of whom are union members, should be outraged that their union leadership is draining pension dollars from their underfunded retirement plan.
However, teachers are easily stampeded along toward the stockyards with the rest of the liberal cattle drive with promises that ever higher taxes will allow them to climb aboard their own lavish retirement gravy train.
They had better finish being retired before excessive taxation brings down the whole house of cards, and society is forced to fall back on the sustainable principle of 2 Thessalonians 3:10.
It is past time for those politicians and administrative officials who authorize the stealing of the public purse in such a way, to be thrown in jail for illegal acts of malfeasance.
HOORAY!
BIG GOVERNMENT IS CRONY SOCIALISM
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
Not even Reagan could dismantle one office in a multitude of offices that were created by BIG GOVERNMENT SOCIALISTS.
The last I knew teachers were employed by their respecitive school districts
The union representatives were emplyed by the union to "represent" the teachers in contract negotiations
Unless the unions represtatives were hired by the school boards,or the Superindentant of schools,after showing their academeic credentials, they remain employees of the union.
Of course , they do risk the possibility of a school teachers strike, if the unions take up the claim on behalf of the perps.
The State's Attorney General should look into this incident as a criminal larceny action, with a demand for restitution and posssible incarceration under RICO laws.
Why all National Socialists favor Big Regimes that control everything.
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