Top Illinois public school administrators split nearly $1 billion in pensions

The Washington Examiner reports:

$887,925,790 is a lot of money.

It’s a huge pile of money when you learn what it’s for: the pensions of just the top 100 public school administrators in Illinois. That’s nearly $1 billion dollars for the pensions of 100 people, or an average yearly pension of $306,181.30 per administrator.

That’s nothing to sniff at.

The highest pension was valued at over $26 million dollars for a 29 year period. This is more money than most people make in a lifetime – just in pension payments for a public sector employee.

Yet some people think government workers are underpaid.