2016 data – retirees earn more than teachers who replace them

The “TRS IL Comprehensive Annual Financial Report for the fiscal year ending June 30, 2016” is now on-line

http://trs.illinois.gov/pubs/cafr/FY2016/fy16.pdf

pdf page 102 has active member data. Page 110 retirees

How is it fair that when a
teacher with 30 years of experience with average earning of $102,896/year
retires with an average starting pension of  $68,556/year …
gets a 3% increase every year… COLA

while the new teacher who replaces her
averages less than $49,464/year* and
will have a tax increase to pay for the retirees COLA.

 

* $49,464 is the average for teachers with less than 5 years, new teachers are likely lower

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