By Ted Dabrowski
10/13/2011
Public employee unions balked at pension reform when it was introduced this spring because they claim government workers already have “paid their fair share” by kicking in “8 percent, 9 percent or more from each paycheck” to their retirement funds. But when it comes to public school teachers in Illinois, paying their own way to...
Download a pdf of this report and chart here. The funding of Illinois’s Teachers’ Retirement System (TRS) has become a major obstacle for future increases in state education spending. Years of overly generous pensions and delayed funding by the Illinois legislature have left the TRS approximately $47 billion short of its obligations. Historically, the largest...
By Chris Andriesen
11/02/2010
by Dan Proft I do not think government functionaries should set private sector salaries or that U.S. policymakers should be adorned with the appellation properly reserved for Russian autocrats. But, if I did not believe in free markets and free minds, NBA Commissioner David Stern would be my choice for “Pay Czar.” Stern is in the...
The Teachers' Retirement System pays its employees over four million dollars more than the State Employees' Retirement System.
