-By Larry Snow
Illinois teachers qualify for a full 75 percent pension after working only 27 years. Most adults work for 27 years before they turn age 50.
Democrats want retail and construction workers to think that the majority of Illinois teachers are seriously paying into their pensions. The truth is, ordinary workers are made to do this for them, big time.
First, teachers have no Social Security taken out of their paychecks. Ordinary workers get hit with a 6.2 percent deduction for Social Security. It’s a deduction they have to pay federal and state income taxes on. Democrats gave teachers a huge loophole of not paying income taxes on any of their pension deductions. This enormous no-tax handout to teachers amounts to billions of dollars each year.
Over 51,000 of the total 132,502 teachers in Illinois contribute nothing from their K-12 paychecks into their pensions. Illinois law says it is to be 9.4 percent.
About an additional 32,000 teachers pay little into their pensions. It is 1.81 percent to be precise for these 31,956 teachers. Paying less than 2 percent is little unless you want to bamboozle ordinary working people into thinking the opposite…
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Sorry, Larry, but you have this wrong. Please do a little more checking on what teachers do and do not pay concerning their pensions. For years I paid into mine, sometimes with a percent of my salary, sometimes by giving up a cost of living increase in order to have money put into my pension. I’ve enjoyed the profession all my life and have worked hard to be the best teacher I could be. It’s hard to think that now that I’ve dedicated numerous 16 hour work days and given up many things, including having a higher paying job, which I could easily have had, that I’m going to get kicked in the teeth for being a dedicated teacher for so many years.