“With no skin-in-the-game, colleges are conferring excessive salaries and slamming taxpayers for the pension costs.”

“Vernon O. Crawley of Moraine Valley Community College had a salary of $673,000 during his final year vs. a $260,000 inflation adjusted final salary. But upon retirement his pension is a whopping $330,000 per year which figures to $27,000 a month.”

“Illinois colleges and universities employed 52,000 in 2002. By 2012, total employment has risen to 90,000.”

via Illinois’ University Pension Fund Is Underfunded by $20 Billion.