According to the latest annual report of the Chicago Teachers Pension Fund, the average teacher who retired in 2011 after 30 or more years of employment—what passes for a full career in the public sector—had a final salary of $105,888 and will receive an annual guaranteed pension of $78,576. The salary puts the average Chicago teacher in the top 5% or so of workers nationwide, while even fewer private sector workers will receive a pension that generous. The obvious conclusion? Let’s strike.
Tuesday, September 23, 2014
Highlights from AEI's Special Sites