Illinois Review reports:
The number of retired Illinois public school teachers taking home six-figure pensions topped 5,600 in 2014, according to pension records obtained by Pension360.A look at the upper crust. It's all for the children, don't you forget that!
Nearly six out of every 100 teachers with ten or more years of service have retired with a six-figure pension.
In Illinois, a $100,000 annual pension is 78 percent higher than the state’s median household income of $56,210, and 235 percent greater than the state’s per-capita income of $29,856, based on U.S. Census Bureau information.
In comparison, less than 2,000 New Jersey retirees pull in six-figure pensions, according to New Jersey Watchdog, which includes all employees, not just teachers.
Less than one out of every 100 New Jersey public workers will retire with a pension greater than $100,000.
New York, on the other hand, closely mirrors Illinois: six percent of teachers retire with a six-figure pension, according to local press accounts.
Based on the U.S. Census, 6.03 percent of actively-working Americans over 18 years of age receive salaries exceeding $100,000.
