In exchange for giving up our bargaining and seniority rights, the Illinois legislature will now loot our pensions.
The rough outline of the deal is in. There will be a three tier pension proposal before the Illinois General Assembly by Wednesday of next week. Attacks on the pensions of presently retired teachers are also being considered.
All that is missing are the specific numbers. If it gets passed, teacher retirement as we know it will be gone. The average yearly pension for a teacher in Illinois is under $50,ooo a year and no Social Security. That is what they