What $54,000 really means for a teacher
Is $54,000 per year too much or too little for a grade-school teacher in Grayslake? In a recent letter a husband said his wife’s $54,000 salary with two degrees and 10 years’ experience was…
Read MoreGovernment Employee Pensions/Pay
The Need to Recalibrate Pensions
By Bill Zettler Allen Greenspan has said we need to recalibrate our government guaranteed pension plans. I could not agree more. However whereas Mr. Greenspan is talking about Social Security I am talking about…
Read MoreThe Need to “Recalibrate” Pensions
Allen Greenspan has said we need to recalibrate our government guaranteed pension plans. I could not agree more However whereas Mr. Greenspan is talking about Social Security I am talking about the multi-trillion dollar…
Read MoreRepublicans should lead on solving state pension crisis
Few better examples exist of needed reform – and of government’s incompetence – than what has been wrought by our state and local elected officials regarding the taxpayer funded state pension system.
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Illinois teachers pay relative to other degreed white-collar workers
Are Illinois teachers underpaid or overpaid relative to other degreed white-collar workers? The attached chart shows they are overpaid without even including the value of tenure or million-dollar pensions or 3 months off every summer. Did…
Read MoreIllinois Top 100 Pension Payouts 2004-2005 Fiscal Year
By Bill Zettler Illinois Top 100 Pension Payouts 2004-2005 Fiscal Year 29 Illinois Public Employees Have Pensions Greater Than the President of the United States! 1578 Former Illinois Public Employees have Pensions of Over…
Read MorePension Liability = Teacher Retirement System = $182 Billion
PENSION LIABILITY Teacher Retirement System as of June 30, 2005 = $182 Billion $182 Billion or an Average of $4.6 Billion per Year for the Next 39 Years Data From “PROJECTED EMPLOYER CONTRIBUTION TO…
Read MoreThe Big Lie in Education Funding
By Bill Zettler The ‘big lie’ in education funding In Illinois — the biggest “big lie” is the claim that public school funding is inadequate. The real problem in Illinois is not school funding; it…
Read MorePension Update: Top 2005 State pension = $357,800
By Bill Zettler The top pension in 2005 was $357,800 as opposed to last years measly $314,000. To give you an idea of what that pension is worth think about it this way: in…
Read MoreTop 100 Illinois state pensions
By Bill Zettler Illinois Top 100 Pension Payouts 2003-2004 Fiscal Year 24 Illinois Public Employees Have Pensions Greater than a former President of the United States! Monthly: Annual: Pension Plan: 26,179 314,148 State Universities Retirement…
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Total Pension Liability for ONE School District, D300, sheet 3 of 3
This file can take a few seconds to load. District 300 Carpentersville , IL = (Sheet 3 of 3) Pension Liability for 2005 Salaries = $5,007,298,037 Pension Liability for 2005 Salaries $50,419 to $38,478 (Sheet…
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Total Pension Liability for ONE School District, D300, sheet 2 of 3
This file can take a few seconds to load. District 300 Carpentersville, IL = (Sheet 2 of 3) Pension Liability for 2005 Salaries = $5,007,298,037 Pension Liability for 2005 Salaries $67,030 to $50,434 (Sheet 2 of…
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Total Pension Liability for ONE School District, D300, sheet 1 of 3
District 300 Carpentersville, IL = (Sheet 1 of 3) Pension Liability for 2005 Salaries = $5,007,298,037 Pension Liability for 2005 Salaries $188,033 to $67,134 (Sheet 1 of 3) = $1,421,602,555 Assumption 1: Retirement after 34 years…
Read MoreD300 program cuts v. pension boosts
By Bill Zettler The District 300 Teachers Contract contains the following paragraph on page 44: B. REGULAR RETIREMENT. 1. Members of the bargaining unit who have served a minimum of 12 years in the…
Read MoreBig Ire may be on the way
By Bill Zettler I make this statement after reading a Jan 25th Daily Herald article about McHenry School District 15’s proposed referendum headlined “Tax Increase Plan Draws Little Ire”. I’m thinking “Big Ire” will…
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