According to the Heritage Foundation, "A Chicago teacher who retired in 2011 after 30 or more years of service time could expect an annual pension payment of $77,496. For context, the average Social Security benefit—which requires a much higher employee contribution into the system—would likely be in the range of $25,000 to $30,000 per year for a worker with a similar salary history."
With respect to promised pension benefits, it might behoove us not to spend it all until we actually
get it. Some of these pension pay envelopes might just come up a little short at some time.
I have just about given up on trying to educate the non-union people of America. Over all I am finding that on the smarts level with respect of their money, most are idiots. Union people have convinced most of us what they are doing ends up helping us. Unions are great only for union people.
A large percentage of non union people can not get it through their hard heads that they pay for all union benefits. How? Through higher prices and much higher taxes. UNIONS ARE NOT GOOD FOR NON UNION PEOPLE.
tAKe a look at the teachers union people in Chicago. There average salary is $76,000 per a 9 month year plus fantastic benefits. The average salary for non union people is $46,000 per a 12 month year with meager benefits. Thw union is on strike asking for a 35% increase in salary and more benefits.
Now who must pay for this? Home owners. Their real estate tax. Over half the people must dig into their meager income and give it to teachers. Jesus would revolt over this. We take from those that have little and give to people that have more.
Shame, shame and shame.