Skip to comments.Loophole allows superintendentsto jump state lines tocollect pensions alongwith six-figure
Posted on 01/29/2011 8:25:15 PM PST by Nachum
Hank Bangser collects a $261,681 state pension after retiring as superintendent of New Trier Township High School District. Now, he's a full-time superintendent in Southern California, earning $170,000 at a job he'd be barred from in Illinois if he wanted to keep getting retirement checks.His annual pension-salary combo: $431,681.In tony Scottsdale, Ariz., retired Wheaton Superintendent Gary Catalani is back in administration too, earning $195,000 as school superintendent on top of his $237,195 Illinois pension. His total: $432,195.A Tribune investigation has found that crossing state lines
(Excerpt) Read more at chicagotribune.com ...
Well that’s nothing a massive tax hike can’t fix.
If they are working then they aren’t retired. Their retirement payments must stop and they must repay all they’ve received. Plus 25 years minimum prison sentences. I’d say they should be castrated by being educrats they already have no cojones.
What greed and corruption? It’s not like you couldn’t get qualified people for far less.
Pray for America
Please avoid using a broad brush. Texas is a non-union state for teachers. That’s a very good thing! I’m a retired Texas teacher. Twenty years ago the state decided it was over-funding the system and took millions of dollars back. The system is member funded largely. Five years ago the system raised the retirement age factor, raised the contribution percentage and eliminated the “hire back at half pay” loophole for all but a few truly understaffed areas. Texas teachers opted out of the Social Security system so, since we don’t contribute, we don’t receive any. Even those of us who earned SS in other employment could see our state retirement decreased proportionally if we take SS. My wife is in the SS system. If she pre-deceases me I cannot double dip. I am not complaining. I took full advantage of the 403B plan and maxed my contributions for 20 years. So, with planning I’m able to retire at about 75% of my final year’s salary. It’s a good life.
By the way, it is different for police who can unionize. Small cities in Texas get the police chiefs “cheap” by hiring upper echelon, 100% pensioned retireesfrom large cities.
Would you say that to military personnel who retire after 20 years and then go to work in the private sector?
The pension is earned at this point. Once you retire from employer A you are free to work for another party at any rate they will pay you.
It’s quite debatable that govt employees “earn” anything much less pensions.
Those employees include the military, law enforcement, engineers and scientists, not just Dept of Ed bureaucrats.
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