Sunday, January 15, 2017

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

In Illinois, Substitute Teaching For One Day Reaped Nearly $1 Million in Taxpayer-Funded Pension Money:
"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.
...A couple of weeks ago, we spotted Preckwinkle and Piccioli within a long list of 30 state retirees from the Illinois Federation of Teachers (private sector teachers union).
Sure enough, in 2014, Piccioli is receiving $30,564 and Preckwinkle $37,416 pensions (click here for their life expectancy pension payouts of nearly $1 million each).
The experience was a bit overwhelming, even for our seasoned team of forensic investigators..."
Read on.
This is despicable!

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