Learn More Open the Books

$4 Million a Year in Teacher Pension- for 34 Union Leaders!

At Openthebooks.com, activists are uncovering sweetheart insider deals.

Unearthing these insider scams helps to protect the hard working rank-and-file government employees. Since the sustainability of Illinois’ pension systems is in question, public employees and taxpayers deserve hard facts and estimates of our liability.

Collectively, thirty-four retired Union Elites from the National Education Association (NEA), Il Federation of Teachers (IFT), and Il Education Association (IEA) are taking monthly pensions amounting to $338,000. This is an average monthly pension of $10,000 per retiree. The annual payout is over $4 million dollars. At 4% rate of return, over $100 million of lump sum would be necessary to generate the union pensions!

Since Sept 6th, we’ve showcased Reginald Weaver of the National Education Association (NEA) who receives a $20,200 per month teacher pension. His annuity is not calculated on his elementary school teacher wages, but on his earnings as the big chief of the NEA in Washington, DC. Click here to see the total amount his paid into the system, his total creditable earnings and his monthly annuity amount.

Inside the RETIRED, PUBLIC SCHOOL TEACHER database (click twice on MONTHLY ANNUITY AMOUNT to order from most to least) at www.openthebooks.com, we’ve discovered that Weaver is only one of thirty-four retired employees of the teacher unions.

Click here to see the 27 retired employees of the IL Federation of Teachers receiving a government teachers pension.
Click here to see the six retired employees of the IL Education Association receiving a government teachers pension.

Leave a Comment

7 Responses to "$4 Million a Year in Teacher Pension- for 34 Union Leaders!"

  1. Comment by Kay Melton, IL on October 5, 2011 at 10:55 am said:

    Awfully hard to get this box to accept a comment, but here it is. We should all be mad as hell and screaming the house down about the cheating and corruption of the unions in Illinois. Can’t anything to be done to clean up government in this state?

  2. Pingback by Edgar County Watchdogs » Blog Archive » Draining the Teacher Pension Fund? on October 6, 2011 at 9:01 pm said:

    […] http://forthegoodofillinois.org/blog/2011/09/4-million-teacher-pensions-for-35-union-elites/ […]

  3. Comment by j ramsey on October 8, 2011 at 2:18 pm said:

    Teachers do NOT receive social security. If something happens to our spouse (who has earned social security), we can NOT get their social security. Does anyone understand this? We pay into our retirement. Corruption is NOT okay, but you can’t throw everyone in the same group. There are many of us that work HARD for our retirement.

  4. Comment by Administrator on October 8, 2011 at 4:46 pm said:

    J Ramsey- That’s correct. Your “union leadership”- they are not government employees and they are draining your retirement fund. These 34 non-governmental retirees are draining $338,000 per month out of your fund. This is why we state in the post “Unearthing these insider scams helps to protect the hard working rank-and-file government employees.” The unearthing this scam protects you. Will you back the legislation to stop it? Stay tuned.

  5. Comment by Val on October 27, 2011 at 1:15 pm said:

    We have been informed about all the fraud state and federal. But nothing, nothing is ever done about it.

  6. Pingback by Leadership that Southern Illinois Can Believe In | Disclosure News Online on November 21, 2011 at 9:44 am said:

    […] legislators passed a deeply unpopular income and sales tax hike at the beginning of this year. Revelations that retired employees of the IL Federation of Teachers are receiving a government pension of […]

  7. Comment by Peter Turek on February 4, 2013 at 8:40 pm said:

    boy, I am glad these people were “educators” because they sure are giving a hell of an Economic class! These individuals actually believe they deserve the amount they receive, and that is the scary part! What these individuals taught in the classroom was how to be a Liberal, and nothing else.
    Put a cap on the pensions of $50000 per year, based similar to Social Security and tell them accept it or forget it, cause if you don’t, the state should declare bankruptcy and give them nothing!