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Ed W999's avatar

I have yet to see one article talking about Tier 2 pensions, do an actual dollars comparison on pension benefits for Chicago teachers. Take a teacher with the same amount of time in Tier 1 and Tier 2 and compute their pensions. In the bad old days of defined pension benefits, most pensions in private industry did not exceed 40% of a person's salary. Today I know of retired teachers in Naperville, Illinois who retired as teachers and are receiving well over $100,000.00 per year in retirement, plus health benefits. Not bad for nine months of work a year.

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Michael Kleine's avatar

Thanks for having me on your esteemed substack, Jim!

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