While teachers are threatened with a loss of promised pensions by the state legislature, the outgoing mayor of Chicago is wasting no time collecting 85% of his yearly salary of $216,000. Or $183,000 a year.
He joins 217 other retired politicians collecting over $100,000 in yearly pension payments. The average Illinois teacher gets well under $50,000 a year from their pension. No social security.
The list of $100,000 retired political pensioners includes former Governors James Thompson and Jim Edgar, former state Senate President Emil Jones, former state Comptroller Dawn Clark Netsch and former Sen. Roland Burris, who collects a pension from his time as state comptroller.