Curley's situation is a perfect example of the problems with the state's pension system, said Ted Dabrowski, president of Wirepoints, a nonprofit research group that focuses on Illinois' economy and government. District 181, Dabrowski said, only had to cover the cost of the increases for the two years.
"The pension she'll get the rest of her life isn't paid by Hinsdale taxpayers. It's paid by people in Carbondale, Palos Heights, Rockford. That's what makes this pension system so ludicrous. It forces taxpayers to support rich pensioners in the suburbs," Dabrowski said.
The salary spikes granted by the school board to the school district superintendent were permissible under state law, not mandated by state law.
The spikes were enabled by inadequate disclosure of the contracts to the public prior to their approval, a problem which persists.
That being, there is no state law, and the school district did not bother creating a policy, mandating for instance a one or two week waiting period, accompanied by prominent public disclosure, of all public sector administrator contracts and collective bargaining agreements (cba).
Freddy
6 years ago
Those “Bumps” are still going on. Rockford district 205 has the highest pension spiking penalties ($3Mil to date) in the state according to the Tribune. Those spikes above 6% and for a time 3% are still paid for by local taxpayers. The AVERAGE of earnings not the highest of 4 years should basis of pension. Someone could work for the school on a part time basis for 16 years and then work full time/and or with overtime for 4 years and the pension is based on the 4 years. Soon they will probably be able to borrow a million a… Read more »
TRS Tier I (Tier 1) covers teachers and certified administrators (most administrators are certified) outside of CPS who first contributed to TRS prior to January 1, 2011. In TRS Tier I, the final average salary is calculated by determining the highest average salary earned during four consecutive years, out of the last 10 years of service. Usually the last four years of employment contains the highest average salary earned during four consecutive years out of the last 10 years of service. Regardless, one determines the sum of those those four consecutive years, divides the result by four, then in turn… Read more »
The Truth Hurts
6 years ago
It will take her 7 years to get her pension above the 385k that she became used to in her last year. It may be lean for a few years but it will all work out.
joe blow
6 years ago
holy shit, she was my principal when I was a kid
Fed up neighbor
6 years ago
And we wonder why are property taxes are so high administrative greed and bloated salaries. When will this ever stop, same situation in valley view 365 u romeoville greed greed, but they will always say it’s for the children. Stop holding them hostage and tell the real truth. It’s time to privatize the public school system, let the people who have children in school start paying for there own kids. Get rid of all the freebies, teachers start paying your own damn retirement.
Wow. Retiring at 55 – assuming a typical life span, this is an 8-9 million dollar payout. Yikes. Very, very few retire with this kind of payout. Taxpayers bringing home 55k a year are paying for this.
Start out as 5th grade teacher, then curriculum director (whatever that is) to assistant principal, principal and superintendent. retire after 30 long years, age 55, to Florida with a lottery size pension. Isn’t this country great!
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The salary spikes granted by the school board to the school district superintendent were permissible under state law, not mandated by state law.
The spikes were enabled by inadequate disclosure of the contracts to the public prior to their approval, a problem which persists.
That being, there is no state law, and the school district did not bother creating a policy, mandating for instance a one or two week waiting period, accompanied by prominent public disclosure, of all public sector administrator contracts and collective bargaining agreements (cba).
Those “Bumps” are still going on. Rockford district 205 has the highest pension spiking penalties ($3Mil to date) in the state according to the Tribune. Those spikes above 6% and for a time 3% are still paid for by local taxpayers. The AVERAGE of earnings not the highest of 4 years should basis of pension. Someone could work for the school on a part time basis for 16 years and then work full time/and or with overtime for 4 years and the pension is based on the 4 years. Soon they will probably be able to borrow a million a… Read more »
TRS Tier I (Tier 1) covers teachers and certified administrators (most administrators are certified) outside of CPS who first contributed to TRS prior to January 1, 2011. In TRS Tier I, the final average salary is calculated by determining the highest average salary earned during four consecutive years, out of the last 10 years of service. Usually the last four years of employment contains the highest average salary earned during four consecutive years out of the last 10 years of service. Regardless, one determines the sum of those those four consecutive years, divides the result by four, then in turn… Read more »
It will take her 7 years to get her pension above the 385k that she became used to in her last year. It may be lean for a few years but it will all work out.
holy shit, she was my principal when I was a kid
And we wonder why are property taxes are so high administrative greed and bloated salaries. When will this ever stop, same situation in valley view 365 u romeoville greed greed, but they will always say it’s for the children. Stop holding them hostage and tell the real truth. It’s time to privatize the public school system, let the people who have children in school start paying for there own kids. Get rid of all the freebies, teachers start paying your own damn retirement.
Just unreal, you are a thief
She earned it!
A greedy, selfish, immoral, soulless thief
Two 20% raises = 44% total increase.
What, she earned it!
Wow. Retiring at 55 – assuming a typical life span, this is an 8-9 million dollar payout. Yikes. Very, very few retire with this kind of payout. Taxpayers bringing home 55k a year are paying for this.
Start out as 5th grade teacher, then curriculum director (whatever that is) to assistant principal, principal and superintendent. retire after 30 long years, age 55, to Florida with a lottery size pension. Isn’t this country great!
Each class has a curriculum.
The Curriculum Director is the person in charge of curriculum development for a set of classes.
The teachers deliver the curriculum to the students.