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The Illinois Supreme Court once again has illuminated for Illinois taxpayers the need to amend the rigid pension clause of the state constitution. The justices on Thursday upheld as constitutional a teacher pension for a retired lobbyist who substitute taught for one day.
The ruling upheld a controversial state law that allowed a lobbyist for the Illinois Federation of Teachers, David Piccioli, to become certified as a substitute teacher in December 2006 by working one day at a Springfield elementary school — and to buy pension credit for his 10 previous years working as a lobbyist. That sweet deal qualified him for a pension windfall from a teachers retirement fund that as of late 2018 carried an unfunded liability of more than $75 billion-with-a-B. Because he also draws a pension from a previous job as a House Democratic aide, Piccioli’s total pension income now rises to nearly $100,000. http://www.chicagotribune.com/opinio...405-story.html
Oddly, public school systems in other states don't allow this.
It's Illinois' pension system that is the problem here.
The state (public) pension system as created by the state (public) constitution. The same state constitution which established the state (public) school system.
It's one big collection of crooks just like at any well-orchestrated heist: the stick-up man, the getaway driver, the lookout, etc.
The state (public) pension system as created by the state (public) constitution. The same state constitution which established the state (public) school system.
It's one big collection of crooks just like at any well-orchestrated heist: the stick-up man, the getaway driver, the lookout, etc.
You'll get no argument from me that the Illinois pension system is grossly out of whack.
But the chiseler in question could have pulled a similar scam at any number of state agencies. It's not unique to public education.
Ha ha, but a couple days ago my wife was telling me bout something similar in Texas. Teaching for a day in another district (I believe that's what she said) somehow jacked up the retirement benefits.
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