

Illinois teachers strike for better pay and pensions. The state is broke.

There are now 6,000 retired Illinois teachers who receive over a six-figure pension.

Illinois Review reported:

The number of retired Illinois public school teachers taking home six-figure pensions topped 5,600 in 2014, according to pension records obtained by Pension360.

Nearly six out of every 100 teachers with ten or more years of service have retired with a six-figure pension.

In Illinois, a $100,000 annual pension is 78 percent higher than the state’s median household income of $56,210, and 235 percent greater than the state’s per-capita income of $29,856, based on U.S. Census Bureau information.

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In comparison, less than 2,000 New Jersey retirees pull in six-figure pensions, according to New Jersey Watchdog, which includes all employees, not just teachers.

Less than one out of every 100 New Jersey public workers will retire with a pension greater than $100,000.

New York, on the other hand, closely mirrors Illinois: six percent of teachers retire with a six-figure pension, according to local press accounts.

Based on the U.S. Census, 6.03 percent of actively-working Americans over 18 years of age receive salaries exceeding $100,000.