Using actuarial calculations from the Teachers’ Retirement System (TRS), Champion News reports that the total estimated pension liability for the top 100 retirees will equal $887,925,790.00 Seriously.
Meet Gary Mical, Illinois Educator With a $17 Million State Pension. Meet Neil Codell an Illinois educator with a $26 million state pension. Just to drive the point further — if Obama gets his way on his proposed state bailout, you will be paying a portion of Mr. Codell’s pension.
‘Codell, Neil C.’ is 4th from the top of the list.
His estimated career pension is $26,661,604.
That’s almost $27 million for a single administrator within just one local Illinois school system (Niles, to be exact).
Follow the Story on Each of these Pensions HERE >>
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UPDATE: Since dailybail.com published this story yesterday it has been picked up by Business Insider, Patrick.net, and several other sources. As of 5 AM Wednesday morning it has been seen by 22,000 unique visitors. That’s great work on your part, but we need 100X that number in order to make an impact.
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Meet Neil Codell an Illinois educator with a $26 million state pension.
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UPDATE: Since we published this story yesterday it has been picked up by Business Insider, Patrick.net, and several other sources. As of 5 AM Wednesday morning it has been seen by 22,000 unique visitors. That’s great work on your part, but we need 100X that number in order to make an impact.
It takes roughly 1 minute to email this story to 3 friends. Please do what you can. Thank you.
blackberry 8320
September 27, 2011
Thats an all around great article