UPDATE: Since we published this story yesterday it has been picked up by Glenn Beck, Business Insider, Patrick.net, and several other sources. As of 5 AM this morning it has been seen by 322,000 unique visitors. Keep it going!

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Meet Neil Codell an Illinois educator with a $26 million state pension.

Look for 'Codell, Neil C' -- 4th from the top of the list. His estimated career pension is $26,661,604. That's almost $27 million for a single administrator within just one local Illinois school system (Niles, to be exact).

Read about his benefits package HERE

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More detail: Source



While the California teachers' unions are effectively destroying one school system after another, an alert commenter pointed me to some even more shocking news from Illinois. Their pension system for educators is -- if you can believe it -- even farther off the reservation.



Using actuarial calculations from the Teachers' Retirement System (TRS), Champion News reports that the total estimated pension liability for the top 100 retirees will equal...





Click the table to see a larger version.

Make sure you're sitting down.



Seriously.



$887,925,790.00



You read this right. The top 100 retirees, by themselves, will cost Illinois taxpayers nearly one billion dollars.

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Slideshow with great photos: