Retired teachers are killing your puppies! And eating them!

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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.

I posted about him.

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.

8 thoughts on “Retired teachers are killing your puppies! And eating them!

    1. We pay more in to the pension system then we would pay into social security. Meanwhile our employer didn’t pay. If they hadn’t paid into social security they would be in violation of federal law.

  1. Fred, here is my comment that I just left on WTTW’s website:

    WTTW, I understand that Paris Schutz has presented the public, via your program, with a misleading article entitled “Retired Illinois educators taking home millions in pensions”. That’s very interesting because I am a retired Illinois educator with over 30 years in the system. I sure wish that I was taking home millions with my pension. Every year my fellow retirees and I have to wonder if the political thieves are going to find another way to start nibbling further at our pensions.

    The article is misleading because it cites big money being paid to superintendents from several wealthy districts in Illinois. The average retired teacher pension doesn’t even come close to the figures that Schutz makes mention of. What should have been pointed out is the fact that there is presently a $1.3 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.

    In my opinion, Schutz would have written a more truthful article if the focus was on the politicians who gave approval for the State not having to pay these funds. Perhaps he could have focused on ideas that might restore these unfunded liabilities. Instead he chose to mislead the public. So wrong! Please do not send me any requests to support WTTW.

  2. contributed 12 years to TRS, 10 years to CTPF, with 25 years of advertising in between. i take a big hit on my Social Security because of something called the “Windfall Elimination Provision” – something that applies to anyone collecting a teacher pension. don’t want us getting too rich, do they.

  3. My TRS pension is around $21,000 a year and I get $89 a month in SS benefits that goes towards payment of my Medicare insurance. I had to pay $556 to get Medicare since my monthly SS amounts aren’t enough. Fortunately, I worked overseas for enough years at a decent salary and was able to save.

    Somehow, the thought of making millions doesn’t seem to hit home. I definitely am not buying a new 757 jet that is now tax deductible due to the new ‘tax reform’ bill. Trump will be able to deduct that charge. Something is off balance.

  4. I have to believe that WTTW and other news organizations and reporters intentionally refuse to understand that our state legislators caused the pension crisis otherwise why they aren’t they concentrating on what our retired PART-TIME legislators’ pensions are? I’ve often thought that there should be an administrators’ pension fund for people who retire as an administrator that is separate from teachers. It won’t solve the pension crisis but perhaps it would clarify things for the news organizations and the masses with regard to teachers’ “extravagant” pensions.

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