Skip to comments.One day of teaching nets IL union lobbyists $100k-per-year state pensions
Posted on 10/24/2011 8:59:40 AM PDT by Hojczyk
Its practically a fantasy come to life: work a single day and get a golden parachute that will guarantee ones retirement in comfort and luxury. Only in Illinois, its not just a fantasy, its a dream come true for two high-ranking union officials who worked a single day in a public school. Thanks to a loophole in the law that the state legislature inserted into a reform law, that one day as substitute teachers will cost Illinois taxpayers a few million dollars in pensions:
Two lobbyists with no prior teaching experience were allowed to count their years as union employees toward a state teacher pension once they served a single day of subbing in 2007, a Tribune/WGN-TV investigation has found.
Steven Preckwinkle, the political director for the Illinois Federation of Teachers, and fellow union lobbyist David Piccioli were the only people who took advantage of a small window opened by lawmakers a few months earlier.
The legislation enabled union officials to get into the state teachers pension fund and count their previous years as union employees after quickly obtaining teaching certificates and working in a classroom. They just had to do it before the bill was signed into law.
The state paid both men $93 for their one day of substitute teaching, but thats just an appetizer. Piccioli will receive $1.1 million by the time he turns 78, and $1.7 million if he lives to 84, but that puts him in the cheap seats compared to his colleague. The Chicago Tribune calculates that Preckwinkle will get $2.8 million by the time he turns 78, and almost $4 million if he lives to 84. Their pension payments will exceed $100,000, or more than twice the average household income in the US for working households, not retirees.
(Excerpt) Read more at hotair.com ...
Good work, if you can get it.............
Let them try to get the money from the corrupt, and bankrupt, state. NO BAIL OUTS.
Doesn’t leave much doubt — does it?
I think we can ultimately thank the Obama administration for alerting all of us to what has been going on for years with the democratic party and the unions. I hope beginning Nov 2012, it will mark the beginning of the end for the Harry Reid and others. Each state will rid itself of these parasites...
Thank you, President Obama....
The mayor of Chicago and the governor of Illinois should refuse to engage in future negotiations with the Illinois Federation of Teachers unless the union refunds to the state the funds that will be lost in this scam.
Oh, wait - Rahm is the mayor and Pat Quinn is the governor - never mind.
Wisconsin, of course, not to be left out:
‘Double-dipping’ by state workers in the spotlight
JESSICA VANEGEREN AND TODD FINKELMEYER | The Capital Times |
the states will get what they need from the fedgov
which will get it from us
that’s why the libtard states are not slowing down their spending. they know they can depend on any shortfall coming from the US taxpayer
That’s a system ripe to be Alinsky’ed to death.
Unfortunately, that gives the Rats a lot of time to really screw us.