Posted on 04/08/2011 7:06:30 AM PDT by KeyLargo
82,981 of 132,502 Illinois Teachers Pay Nothing or Little into Their Pensions, While Democrats say Teachers "Have Kept Their Part of the Deal"
By Larry Snow
The public is not supposed to find out how there's over 51,000 pay-zero-into-their-pensions teachers in Illinois.
The pay-zero teachers listed are 39 percent of all teachers in Illinois.
The 82,981 teachers in the chart pay less than ¾ of 1 percent into their pensions. It's less than ¾ of 1 percentage point of the 9.4 percentage points required by Illinois law. Precisely, these teachers are paying a bit less than 0.70 of 1 percent into TRS (Teachers Retirement System).
The 82,981 teachers shown in the chart add up to 63 percent of all teachers in Illinois.
Public unions are the pearl in Democrats' political oyster. The costly privileges that their members vote for, that ordinary workers have to pay for, aren't about having a real conscience and "doing what's right" "for the kids.
READ THE REPORT:
http://www.championnews.net/article.php?sid=3268
http://www.championnews.net/index.php
Here’s a new bumper sticker idea:
I dream of a day when there’ll be plenty of money for bombers, and the education department will have to hold a bakesale for teacher’s pensions. :)
Nice find!
Will any of the mainstream report this one?
I dream of a day when there’ll be plenty of money for bombers, and the education department will have to hold a bakesale for teacher’s Cadillac health plans
Hard for me to understand why teachers are so against their own funded plans. In Ak, teachers don't make ssn contributions, the money goes to their own retirement programs.
Interesting. My wife pays in, but doesn’t pay SS taxes.
I freaked out the first pay stub I saw. Figured we would be audited for sure, but that is the way it is done.
Most state workers do pay into their pensions, 8% in fact. The state is supposed to pay a share and has historically underfunded their share so they could spend it on other projects. My husband works for the State of Illinois, he doesn’t get a big pay check or a get his pension paid. Given it is Chicago, I mean Illinois, I have no doubt that there are some perks thrown around up in the Chicago area. Look at where all the school teachers or admins, or retirees are that get the big money, around Chicago.
“Most state workers do pay into their pensions, 8% in fact. The state is supposed to pay a share and has historically underfunded their share so they could spend it on other projects. My husband works for the State of Illinois, he doesn’t get a big pay check or a get his pension paid. Given it is Chicago, I mean Illinois, I have no doubt that there are some perks thrown around up in the Chicago area. Look at where all the school teachers or admins, or retirees are that get the big money, around Chicago.”
I am retired from a major public university in Chicago, although I live in the suburbs. I can assure you that there are many workers at my university that did not make a boatload of money by a long shot. I was in Administration, as opposed to being a teacher, and years ago when I first started working for the university, after a long stint in the private sector, university workers got paid very little. We also contributed 8% of every paycheck into our pension fund, and did not pay into social security; our pension funds were our sole means of retirement pay. We also paid 1 1/2% to match the state’s 1 1/2% for a total of 3% for our Cost of Living increases once we retired. The state pols are now trying to cut that benefit we paid into.
We were all promised a good benefit package in lieu of higher salaries, as the state universities at that time couldn’t pay much in salary. That came much later. So for years I paid into my pension fund, worked for a lower salary until about the last 5 years I worked there and got a bit more, emphasis on a bit. Meanwhile, down in the state capitol, Springfield, IL, all the money we paid into our pension funds built up a nice pot of money. Too nice, and a giant magnet to state pols who wanted to get their meat hooks into that pot of money to spend on their pet projects, and to redistribute our pension fund money to “the children”, education, welfare, medicaid (same thing), social workers, social programs for the poor, etc. So they robbed us blind, depleting our pension funds by constantly underfunding them, year and year after year.
So, you see, there are two sides to every story. Now that I am retired, the state of IL is after my meager retirement payments, health benefits, etc. They’ve already passed one law regarding health insurance premiums for those already retired which after working 20 years (I worked 25) were supposed to be a paid benefit. So I will now be paying premiums again. I might add, I was never a member of a Union, as I was administrative, and thus exempt from any Union protection. Remember, when you work for a state entity, at least in this state, you get no social security; your pension IS your social security.
Yes there are teachers making big bucks, but there are all sorts of other people that work within a university or school system that don’t and haven’t made big bucks at all, the janitors, the secretaries, the clerks, the cleaning ladies, those that help to administer the running of a major entity that a university is. My university had over 33,000 students, and thousands of employees. The university is one of the largest employers in the Chicago area. See things from both sides, not just one, and be careful about painting workers with a broad brush. As usual, it was the gov’t, in this case state gov’t that mucked up the works and screwed people over. They robbed us of our pension funds and will now correct the problem by robbing us some more.
these workers who don’t pay SS taxes....believe me, they’ll be collecting it.....all it takes is a little work outside of their main job either early on before teaching or after they get their big plush pensions, then they’ll work a few quarters of easy work...similar to teaching....and they’ll be eligible to collect TWO pensions...
you have to understand that while your pension contributions went to a private plan, and not SS, those of us who have paid for decades into SS aren’t even assured to get one penny, let alone the money we contributed.....and SS is the main pension for many, many Americans...
you have to understand that while your pension contributions went to a private plan, and not SS, those of us who have paid for decades into SS aren’t even assured to get one penny, let alone the money we contributed.....and SS is the main pension for many, many Americans...
“those of us who have paid for decades into SS aren’t even assured to get one penny, let alone the money we contributed.....and SS is the main pension for many, many Americans...”
Correct, neither one of us want to lose our pensions, do we. You yours, me mine. SS will be saved assuming you vote for Romney/Ryan.
We are facing big problems pretty quick; I figure people will be working until they die, whether they have a pension or not.
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