Generous teacher pensions continue as Illinois’ financial crisis worsens

Via the Washington Times

If the Illinois Teachers Retirement Service (TRS) had to pay out all of its pensionstoday, it could only afford to give its members 40 cents on the dollar.

Yet the number of six-figure pensions TRS has been doling out has increased 24 percent this year compared to last, with about 6,000 retired educators collecting more than $100,000 annually, according to records obtained by Open the Books, an online aggregator of local spending that tracks educator salaries, pensions and vendor spending.

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