DYSPEPSIA GENERATION

We have seen the future, and it sucks.

In Illinois, Substitute Teaching for One Day Reaped Nearly $1 Million in Taxpayer-Funded Pension Money

14th October 2014

Read it.

In 2011, the Chicago Tribune exposed a pair of Illinois teacher union lobbyists, Stephen Preckwinkle and David Piccioli, who substitute taught for one day and stood to collect nearly $1 million in state teacher retirement pensions from a severely underfunded system. The five Illinois pension systems have a $100 billion liability and the teachers fund may run out of money as early as 2029. Newspaper editorials, elected officials, the governor and citizens cried foul. Legislation was quickly passed to stop the abuse.

In order to understand this massive pension “reform misunderstanding,” we questioned the Public Relations Spokesman for the Teachers Retirement System (TRS) David Urbanek, who explained:

“Mr. Preckwinkle and Mr. Piccioli received a TRS pension following the enactment of House Bill 3813 because House Bill 3813, now Public Act 97-0651, did not stop them from collecting a TRS pension.” read entire email response

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