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I went to a high school in this district many years ago.

FTA: "Make sure you notice 'Codell, Neil C.' who is 4th from the top of the list. Career pension of $26,661,604. That's almost $27 million for a single administrator within just one local Illinois school system (Niles, to be exact)... While the California teachers' unions are effectively destroying one school system after another, an alert commenter pointed me to some even more shocking news from Illinois. Their pension system for educators is -- if you can believe it -- even farther off the reservation. Using actuarial calculations from the Teachers' Retirement System (TRS), Champion News reports that the total estimated pension liability for the top 100 retirees will equal... Make sure you're sitting down. Seriously. $887,925,790.00 You read this right. The top 100 retirees, by themselves, will cost Illinois taxpayers nearly one billion dollars."

You Thought California State Pensions Were Out Of Control? Wait Until You See This List From Illinois

DISCUSS!

Original posting by Braincrave Second Life staff on Jun 18, 2010 at http://www.braincrave.com/viewblog.php?id=234

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