30k Pension For 1 Days Work (salaries, companies, school, money)

[Frank DeForrest]

Reason #198653333 public pensions and unions should be done away with all together.

[Quick Enough]

Originally Posted by pghquest

I argue with a county sheriff all the time over this issue. She is convinced she doesnt make enough, and that her union is to thank for her making what she is, because without them, she would be making minimum wage.

Then ask her to back up her claim and show where ANY cop is paid minimum wage.

Unless you believe her.

[Quick Enough]

Originally Posted by Old Gringo

Sounds like Illinois needs to close some loopholes in its pension eligibility requirements.

Yeah, this guy is a leach. But if the loophole is there, someone would eventually take advantage and try the same thing.

I hope he loses in court and that his legal fees aren't cheap.

Illinois corrupt? Never!

[Old Gringo]

Originally Posted by Quick Enough

Illinois corrupt? Never!

Blago said it wasn't.

[middle-aged mom]

Originally Posted by Old Gringo

Blago said it wasn't.

4 pf the last 7 Illinois Governors have done prison time. For a while there, Illinois had 2 former Governors in prison at the same time. One was Democrat and the other, Republican who was defended by another former Republican Governor.

Corruption is as bipartisan as it gets.

[middle-aged mom]

Originally Posted by HappyTexan

Got to give the man some credit. He did his homework and is already collecting 2 state pensions and is going for a third.

That would bring his annual pension from all three to over $100K a year.

Illinois does not tax pension benefits, either.

[middle-aged mom]

Originally Posted by Old Gringo

Sounds like Illinois needs to close some loopholes in its pension eligibility requirements.

Yeah, this guy is a leach. But if the loophole is there, someone would eventually take advantage and try the same thing.

I hope he loses in court and that his legal fees aren't cheap.

No such thing as a state of federal loophole. It's all tax code and not necessarily unintentional.

Where in the private sector could you find a pension plan that enables a lifetime benefit for working one 6 hour day?

[HappyTexan]

Originally Posted by middle-aged mom

No such thing as a state of federal loophole. It's all tax code and not necessarily unintentional.

Where in the private sector could you find a pension plan that enables a lifetime benefit for working one 6 hour day?

And as a substitute..not even a hired teacher !

[HappyTexan]

The law did get changed in 2012 to close that loophole.

The loophole was that Illinois TRS system allowed employees to sign up on their first day of work and that included substitute teachers. No min requirements were needed. So he and many others took advantage of that.

Here in Texas the TRS system is set up so that you have to teach so many consecutive days to sign up and each year have to teach so many consecutive days to get credit.

[Wartrace]

Originally Posted by SandraMoore66

Well, he better make that 30k last a looooong time because no one will want to hire him after this stupid lawsuit.

That's 30k per YEAR plus he is already collecting two other pensions of similar amounts.