Paris Schutz reports for public television’s Chicago Tonight on WTTW.
When reporting on public teacher pensions you can count on Chicago Tonight using Illinois Policy Institute talking points, having IPI guests on their panels and Paris Schutz reprinting IPI press releases and then putting his name in the byline.
What a lazy reporter.
“Retired Illinois educators taking home millions in pensions,”posts WTTW on their web site in a report by Paris Schutz.
Never mind that the average teacher pension in Illinois is so low that it qualifies for a low-income deduction in our Cook County property tax.
To justify his premise that teachers are taking home millions of dollars, Schutz lists a couple of over-paid superintendents that get over-the-top pensions.
One of whom, Lawrence A. Wyllie, is an indicted felon and former superintendent of Lincoln-Way High School District 210.
The average teacher pension in Illinois is $50,000 a year after 35 years of employment.
Even if every over-paid administrator lost their pension, it would have no impact on the $130 billion dollar unfunded pension liability.
The unfunded liability – the pension debt – is a result of the failure of the state of Illinois to pay what they owe into the pension funds.
Seventy years of underpayment.
The banks and Wall Street get the bulk of what the state now pays out as interest on the debt.
Educators, Paris Schutz?
We get peanuts.