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Beverly Harvison retired in 2000 on a pension of $62,000/yr. after teaching at Du Page HSD 88 for 26 years. Somewhere along the way she married District 88’s Superintendent Robert Lopatka and he retired…
Read MoreChampionnews publisher Jack Roeser recently asked me to begin a series of brief articles called “Z-Grams” that would be short and highlight one “factoid” on public pensions and salaries. These will be bite-sized items…
Read MoreNote: See Top 100 table in separate post titled: Top 100 State Pensions 2013. 10 Amazing Facts about Illinois State Pensions: 1. Based upon current rules more than 25,000 public employees will have $100K…
Read MoreTop 100 State Pensions as of April 1, 2013 Name Employer Sys Annual Pension Das Gupta, Tapas University of Illinois – Chicago SURS 439,672 Abraham, Edward University of Illinois – Chicago SURS …
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One of the consistent themes we have talked about on championnews over the last few years is the concept that Return On Investment (ROI) assumptions for all the state pension systems is too high….
Read MoreOne of the consistent themes we have talked about here over the last few years is the concept that Return On Investment (ROI) assumptions for all the state pension systems is too high. What…
Read MoreOne of the more common myths surrounding pension funding is the claim that the state (i.e. taxpayers) has not done its part and in fact has not made required payments often “skipping” payments. This…
Read MorePension insanity or “Constitutional” insanity or both? The issue of outrageous pensions and salaries continues to be ignored in Springfield as politicians of both parties ignore the real problem with pensions and concentrate on…
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Make no mistake, this is a bi-partisan failure. Republicans in Illinois have been AWOL on this issue for many years. From Crain’s Chicago Business: The 97th Illinois General Assembly ended this week with legislators…
Read MoreFrom Scott Reeder at the Reeder Report: I read this in a central Illinois newspaper the other day: ‘’’My wife and I planned carefully for retirement and left a sensible cushion,” said retiree John…
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There are always straightforward solutions for the money-related problems our government has created. Always. What we haven’t had are the leaders competent enough to get the job done. For example — at the state…
Read MoreYep, it’s corrupt from the Capitol Building all the way down to your local school building. From the Examiner: Illinois state rep. Skip Saviano lost his re-election bid last month, so his 20 years…
Read MoreAs Illinois citizens struggle with the severe economic downturn plaguing the state, Illinois public school employees enjoy another record year of salaries, fringe benefits and pensions. Apparently there is no tax money for the…
Read MoreOne of the many Chicago area school districts threatened by teacher strikes, Barrington School District 220 shows again the immense power of the IEA (Illinois Education Association) in Illinois. Despite an average of 19%…
Read MoreThis has been the case for a long time. From Crain’s: Illinois’ pension woes are so deep that even if huge cutbacks are ordered by the Illinois General Assembly, the state’s pension systems inevitably…
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