Even for Illinois this is putrid. Two Illinois teacher Union lobbyists are able to collect teacher pensions because they each served as a substitute teacher for one day. This of course is taking place in a de facto bankrupt state.
Over the course of their lifetimes, both men stand to receive more than a million dollars each from a state pension fund that has less than half of the assets it needs to cover promises made to tens of thousands of public school teachers. With billions of dollars in unfunded liabilities, the Illinois Teachers’ Retirement System, which serves public school teachers outside of Chicago, is one of several pension plans that are in debt as state government reels in a fiscal crisis. Continue Reading