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By Bill Zettler We often hear in the media and from the teachers unions how teachers are overworked and underpaid. The number commonly thrown about is $43,000 per year for average teacher salary…
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By Bill Zettler Bill Zettler is a free-lance writer and consultant specializing in public sector compensation. He can be contacted at this email address. Click here to read more by Mr. Zettler.
Read MoreBy Bill Zettler You often hear from teachers and the media how the Illinois State Pensions are under funded because of missed payments by the taxpayers (via the politicians). However the real problem…
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Prepared by Bill Zettler
Read MoreIt should go without saying that Republican state legislative leaders should be on the alert for programs and policies that smack of European-style socialism. Unfortunately it needs to be said, since as far as we can tell, not one Republican state legislator has ever compared the Illinois taxpayer-funded pension system to European socialism.
Read MorePersonal finance expert Terry Savage wrote an excellent book a few years ago titled “The Savage Number: How Much Money Do You Need to Retire?” She opens her introduction asking a few questions.
Read MoreBy Bill Zettler The number mentioned in the title was actually $968 billion but that could easily be a conservative number as you will see when we analyze the calculations. About half of the…
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Prepared by Bill Zettler
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By Bill Zettler The current worldwide market slump has undoubtedly affected the investment returns of many people and organizations including the Illinois Teachers Retirement System (TRS). The reason this is a problem for…
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By Bill Zettler The top two pensions in 2007 were $379,000 and $368,000, giving Illinois the dubious distinction of having two retired public employees with pensions over $1,000/day. That means these two former…
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Prepared by Bill Zettler Bill Zettler is a free-lance writer and consultant specializing in public sector compensation. He can be contacted at this email address. Click here to read more by Mr. Zettler.
Read MoreTo answer the question posed in the headline, I don’t think so. And it’s not because your employer is greedy but simply because it would be impossible to pay that amount and stay in…
Read MoreHow about $1,174 per day for an Art teacher or $149/hr for an English teacher? It is not only Drivers Ed, Art and English teachers we should be talking about. There are many subjects…
Read MoreUnbeknownst to me the CPI (Consumer Price Index) went up by over 20% the last 3 years. Although I checked the Bureau of Labor Statistics and they said 10% I read an ad in…
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