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“New Trier’s public school employees are really raking it in," said Tobin. "The largest salary goes to Linda Yonke, of New Trier Twp HSD 203, whose annual salary is $266,420. Donald Goers, also of New Trier Twp HSD 203, is close behind, making $244,397."
“New Trier’s retired public school teachers in the Teachers Retirement System (TRS) are also getting rich" said Tobin. "The largest annual TRS pension goes to Henry Bangser, formerly of New Trier Dist. 203, whose annual pension is a staggering $261,680 -- $21,806 a month. Robert Larsen, also formerly of New Trier Dist. 203, already has received a total pension payout of $1,849,614.
Their solution...
Ending pensions for all new government hires will eventually eliminate unfunded government pensions; putting new government hires into social security and 401(k)s would achieve this.
Sounds good to me. The truth is slowly coming out.
Here's something else I just thought. My retirement and others who use the 401K rules have their retirement tied to the stock market while those who receives government pensions don't. Their money seems to be guaranteed - but ours is not. And are they tied down to early withdrawal penalties?
Can someone clear this up about pensions? Are they subject to the markets? And do they have early withdrawal penalties?
Whatever the case may be on those, government union employees are not paying for their pensions.
Is this correct?
“New Trier’s public school employees are really raking it in," said Tobin. "The largest salary goes to Linda Yonke, of New Trier Twp HSD 203, whose annual salary is $266,420. Donald Goers, also of New Trier Twp HSD 203, is close behind, making $244,397."
“New Trier’s retired public school teachers in the Teachers Retirement System (TRS) are also getting rich" said Tobin. "The largest annual TRS pension goes to Henry Bangser, formerly of New Trier Dist. 203, whose annual pension is a staggering $261,680 -- $21,806 a month. Robert Larsen, also formerly of New Trier Dist. 203, already has received a total pension payout of $1,849,614.
Their solution...
Ending pensions for all new government hires will eventually eliminate unfunded government pensions; putting new government hires into social security and 401(k)s would achieve this.
Sounds good to me. The truth is slowly coming out.
Here's something else I just thought. My retirement and others who use the 401K rules have their retirement tied to the stock market while those who receives government pensions don't. Their money seems to be guaranteed - but ours is not. And are they tied down to early withdrawal penalties?
Can someone clear this up about pensions? Are they subject to the markets? And do they have early withdrawal penalties?
Whatever the case may be on those, government union employees are not paying for their pensions.
Is this correct?
Based on my California CalSTRS
Are they subject to the markets? Yes, CalSTRS invests in markets.
And do they have early withdrawal penalties? Yes
Whatever the case may be on those, government union employees are not paying for their pensions. Is this correct? False, I paid into the retirement system.
Are these folks mentioned classroom teachers or administrators? A salary of $150K and up is not unusual for district superintendants even in smaller systems. High school principals will touch around $100K to $120K.
In my area of MD you're looking at a couple of supers with a $250K base and other compensation (housing allowance, car allowance, additional pension contribution, life insurance, etc.) touching $400K total.
Sounds to me like these people are retired Administrators, management, not teachers and not union.
Their base salaries would have to be almost half a million, I don't think even the right wing rag that is your source thinks teachers make half a million a year
Sounds about right. My sister's mother inlaw retired at age 55 and makes $97,000/year from the Illinois teacher's pension. Nothing like retiring at 55 and making more than twice the average wage. I believe they get annual cost of living increases too and health care for life.
Does anyone in the private sector get benefits like this? I know I won't.
ETA: She was a social studies teacher. I believe they get 80% of the average pay from their last 3 years of work.
[color=darkred][i]“New Trier’s public school employees are really raking it in," said Tobin. "The largest salary goes to Linda Yonke, of New Trier Twp HSD 203, whose annual salary is $266,420.
Huh hmmm.
What the OP fails to mention (unsurprisingly) is that Linda Yonke ISN'T a Union teacher, in fact a 3 second Google search reveals that Linda Yonke ISN'T EVEN A TEACHER. Instead we find that Linka Yonke is the CHIEF EXECUTIVE OFFICER of the School District.
LOL... they've tried this debate before, and always look stupid when we point out these "teachers" are actually administrators. Nice try, though! I'm a public employee myself (librarian), and I pay into retirement every pay period - add that to my union dues, taxes & partial benefit payments, and I'm lucky if I take home 60% of my rather measly salary. If I'm living the good life, somebody forgot to tell my bank account.
What the OP fails to mention (unsurprisingly) is that Linda Yonke ISN'T a Union teacher, in fact a 3 second Google search reveals that Linda Yonke ISN'T EVEN A TEACHER. Instead we find that Linka Yonke is the CHIEF EXECUTIVE OFFICER of the School District.
Who really cares if she's in administration or a teacher? She still gets the same pension paid for compliments of the Illinois taxpayers. Do you really think she should be earning more than the Governor of Illinois? More than the Mayor of Chicago? More than the Secretary General of the United Nations? Good lord, man. Does your blind allegiance to your party know no bounds?
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