Two lobbyists work one day as teachers, get $100k/year pensions, page 1
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Topic started on 25-10-2011 @ 11:44 AM by Vitchilo
Fortunately it's only 2 people (as far as we know) that used that loophole.

One day of teaching nets IL union lobbyists $100k-per-year state pensions
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, a Tribune/WGN-TV investigation has found.

Steven Preckwinkle, the political director for the Illinois Federation of Teachers, and fellow union lobbyist David Piccioli were the only people who took advantage of a small window opened by lawmakers a few months earlier.

The legislation enabled union officials to get into the state teachers pension fund and count their previous years as union employees after quickly obtaining teaching certificates and working in a classroom. They just had to do it before the bill was signed into law.


What they gonna be paid :
The state paid both men $93 for their one day of substitute teaching, but that’s just an appetizer. Piccioli will receive $1.1 million by the time he turns 78, and $1.7 million if he lives to 84, but that puts him in the cheap seats compared to his colleague. The Chicago Tribune calculates that Preckwinkle will get $2.8 million by the time he turns 78, and almost $4 million if he lives to 84. Their pension payments will exceed $100,000, or more than twice the average household income in the US — for working households, not retirees.


Where that loophole was coming from... well the same guys who got the pensions.
Although the bill received bipartisan support, the benefit to union officials was sponsored by Springfield Democrats showered by IFT campaign contributions during the 2006 elections.

Me thinks the democrats and republicans just don't read the laws and trust the lobbyists and pass whatever they want...

The state should not pay those two crooks... and maybe even should prosecute them.
edit on 25-10-2011 by Vitchilo because: (no reason given)

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