… state pensions at taxpayer expense
Taxpayers on hook for millions in retirement benefits unrelated to teaching.
Thanks to a loophole created by the Illinois legislature, retired teacher union leaders are getting pension credit for the years they did union work after leaving the classroom. The arrangement has put taxpayers on the hook for millions of dollars in retirement benefits unrelated to teaching, and further drained an already overburdened state pension fund.
Collectively, 40 retired union leaders draw $408,136 per month in Illinois teachers’ retirement pension, or $4.9 million per year, according to data generated at the request of The Washington Times by OpenTheBooks.com, an online portal aggregating 1.3 billion lines of federal, state and local spending records.
Twenty-four of those retired union leaders have already collected more than $1 million each in retirement benefits, and the payments are likely to continue for years to come, the data show.
The union bosses collecting the payouts had jobs at the National Education Association
), the Illinois Education Association
) and the Illinois Federation of Teachers
) after their teaching careers. Most got massive pay raises when they jumped from the classroom to the unions, swelling their pension payouts by large amounts at the expense
of taxpayers.The labor leaders contribute into the state pension program during the time they work for the unions, but their larger salaries are then used to calculate their final retirement eligibility. The result is taxpayers must pay pensions to these leaders that are exponentially larger than if they just continued to teach in the classroom.
In Maryland the situation involving unions swindling their membership is much worse only that the issues have not been exposed properly. We need to stop these union bosses on their tracks. Maryland legislatures need to look into this issue and demand accountability. Let us call a spade a spade.