Thursday, October 27, 2011

The corruption you see, the doomsday you don't

The corruption you see, the doomsday you don't - chicagotribune.com
Yes, we're talking here in part — but only in part — about the galling expose that began on the front page of Sunday's Tribune under the maddening headline, "Sub for a day, teacher pension for life":

Two lobbyists with no prior teaching experience were allowed to count their years as union employees toward a state teacher pension once they served a single day of subbing in 2007 …
Over the course of their lifetimes, both men stand to receive more than a million dollars each from a state pension fund that has less than half of the assets it needs to cover promises made to tens of thousands of public school teachers. …
The revelation that one day of substitute teaching allowed officials from a state teachers union to tap into an ailing public pension fund is yet another example of how the Illinois pension system has been manipulated for political purposes and personal gain.

Political purposes and personal gain.
Hmm.

No comments: