Illinois Public School Teachers Out-Earn Private Sector

The Heartland Institute reports:

While most of us struggle to make ends meet and put off our retirement plans in today’s contracting economy, Illinois school employees continue their unabated raid on public funds.

In fiscal year 2008, 11,254 Illinois public school employees had annual salaries exceeding $100,000, up from 9,591 in 2007. When pensions, retirement health insurance, and employee insurance are added, public school employees’ total compensation is about 30 percent more than their salary. That means more than 40,000 Illinois public school employees, or about 25 percent, have total compensation of more than $100,000 per year.

And that $100,000 does not include the value of tenure or a nine-month work year.

A bailout for this?