Union greed


From Doug Ross:

Nearly 10,000 California state retirees pull down more than $100,000 a year, thanks to public sector unions and the Democrat politicians who support them. For just this tiny group of retirees, the expense represents almost $1.5 billion a year for California’s taxpayers.

Of this total, 3,090 retired educators in California receive more than $100,000 a year.

Source

While the California teachers’ unions are effectively destroying one school system after another, an alert commenter pointed me to some even more shocking news from Illinois. Their pension system for educators is — if you can believe it — even farther off the reservation.

Using actuarial calculations from the Teachers’ Retirement System (TRS), Champion News reports that the total estimated pension liability for the top 100 retirees will equal

Make sure you’re sitting down.

Seriously.

$887,925,790.00

You read this right. The top 100 retirees, by themselves, will cost Illinois taxpayers nearly one billion dollars.

Source

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