When you have a lot of people who are in a pension fund where it’s not their whole career, but only partly, then the overall average is going to be a lot less than the average for someone who works a full career in that particular system.

Comment: Public unions are consistently distort the numbers this way and our press falls for it.

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nixit71
3 years ago

Awhile back, I ran some numbers on TRS. In 2014, there were 23,000 TRS (teachers) pensions under $20,000. Of those, maybe 10% of those pensioners had 20 or more years of service and about 2 out of every 5 of those pensioners had less than 10 years of service.

Mike
3 years ago

The Illinois Education Association (IEA) teacher union used to run radio commercials stating the average pension, failing to mention the average number of years worked. They and the Illinois Federation of Teachers (IFT) are fond of the words, “a lifetime of service.” On a related note, years of service is typically more than years worked for retired teachers and administrators. Years of service includes accumulated sick days (up to 340) that were exchanged for years of service credit. In TRS, a year is 170 days. Many administrators working in the Administration Office of a school district whom are in the… Read more »