The one thing that really jumps out, is the pay scale of Superintendents that are "High School" districts. Just think, those who DO NOT live in a unified school district have to pay for both an elementary and a high school district administration. Talk about inefficient!
VVSD is the 7th largets district in the state....18,000 students, 2600 employees, and a $ 230,000,000 budget.
I think there is certainly room to clean up the pensions rules in this state. However, if the two parties in Springfield had funded the pension funds properly instead,of rapping and pillaging the funds over the years, these funds would have grown through investments. Over time the funds would have grown and this wouldn't be an issue.
The disparity in pension COLA with Social Security is a travesty. IL gives automatic 3% per yr. Social Security provide no increase the past two years. The main problem is the disparity with the private sector, where most of the taxpayers are. Most taxpayers can't get Soc. Sec full benefit until age 66. These state workers are getting 75% at age 55. Full Soc Sec benefits are probably about 40% of a recipient's income. We need major reform of state pensions for equity with the private sector.
This is terribly disturbing. Good article.
ReplyDeleteThe one thing that really jumps out, is the pay scale of Superintendents that are "High School" districts. Just think, those who DO NOT live in a unified school district have to pay for both an elementary and a high school district administration. Talk about inefficient!
ReplyDeleteVVSD is the 7th largets district in the state....18,000 students, 2600 employees, and a $ 230,000,000 budget.
I think there is certainly room to clean up the pensions rules in this state. However, if the two parties in Springfield had funded the pension funds properly instead,of rapping and pillaging the funds over the years, these funds would have grown through investments. Over time the funds would have grown and this wouldn't be an issue.
The disparity in pension COLA with Social Security is a travesty. IL gives automatic 3% per yr. Social Security provide no increase the past two years. The main problem is the disparity with the private sector, where most of the taxpayers are. Most taxpayers can't get Soc. Sec full benefit until age 66. These state workers are getting 75% at age 55. Full Soc Sec benefits are probably about 40% of a recipient's income. We need major reform of state pensions for equity with the private sector.
ReplyDelete