what's worse is that if these teachers pension funds make a loss gambling on the stock market, they tap the govt who steals from the private sector taxpayer ot make good their losses.
meanwhile most workers in the private sector don't even have a pension! yet they have to fund someone else's pension.
public sector unions = making some other sucker pay for your lavish salary & retirement.
I disagree with the end of the video when it states that this is Socialism.
Nothing could be further from the truth. It looks like most of us get poor while a small group of public employees get filthy rich.
It looks like the business owners ( Otto ) are pissed because they have to give up a larger slice of there riches to feed the public unions that they feel do not deserve the money.
One greedy group fighting another greedy group, and the tax payer is the loser both ways.
@6489532ab On the contrary, business owners are pulling up stakes and moving to another State, more jobs will be lost. There's a mass exodus going on in Illinois right now due to the 67% tax increase. Which will mean fewer jobs, fewer taxpayers, and less revenue for the State. Illinois is quickly moving into an unsurmountable sink hole with no bottom to it. This is the legacy of Democrats and the incestuous relationship they have with the unions.
THIS VIDEO IS STRAIGHT BULLSHIT! This video is the product of a group in Wheaton that cherry picks teacher facts and avoids other state pension facts to demonize teaching. Their leaders have pension benefits and retirement resources far greater than those of the average state employee.
You are incorrect. These are the facts, and they are undisputed.
It's public pensions that have bankrupted California, and it's about to happen in Illinois. I am not, nor anyone connected to this video from Wheaton or anywhere close.
So I would say every one of your comments are erroneous, ignorant and entirely bullshit.
@weneedmccain Once there are no pensions, benefits, of any kind, we are just going to have excellent teachers. We will just have so many people rushing to go into a field & face unruly youngsters, irate parents and still be villainized. I wonder how many six figure salaried governors, superintendents, politicians like ole Weiner, and county commissioners are willing to sacrifice their pensions like they are asking teachers to do?
Otaruihic What you really meant was. OH SHIT,WHAT WILL HAPPEN IF EVERYONE FINDS THIS OUT. Between employer and employee, aprox. 13.5% of income is paid to social security with an eventual payout of 30% of yearly income. Teachers and other public servants pay 9% of income and get a payout of 75-80% of yearly income. Also public servants are eligible for benefit at a much earlier age. This is and will bankrupt the state.You misrepresent this and you are an educator?Or an educated fool?
You fail to mention one important thing. You make it sound like this money just comes out of taxes, we contribute to this pension out of our paycheck every month. We don't contribute to SS or to a 401k, so this is all we have. We get paid less than we would make in the private sector so we sacrifice now to get some benefit in the end.
Most of it does come out of taxes. Teachers do pay a small percentage of their pension and a small percentage of their healthcare. The majority of it is at taxpayer expense.
Further, teachers get paid 3x to 4x more than the private sector. Drivers Ed instructors get up to 100K compared to private which is about 30K - big difference.
Teachers don't make the big bucks right off, but it grows substantially over the course of time.
Pensions should not be more than the private sector.
Do you really think putting teachers into the private sector is a good idea? The teachers from low income areas will not be able to compete with better qualified teachers and will lose their jobs or just be forced to teach in low income areas for much less pay for poorly educated,which will not help mold people into valuable contributors to society.
@weneedmccain America ranks so low in education for a variety of reasons and it is the fault of the system, not the teachers. 1. Many places in the world only teach the cream of the crop, we teach everyone and have a stupid law called No Child Left Behind that expects every kid to test on level, sorry, thats not reality. 2. Today's society does appreciate or foster education and expect teachers to raise the students. Blame politicians for ruining education, but leave teachers alone.
@henryoil I have nothing against the teachers. There are some excellent teachers out there who do not receive the compensation they should because there is no performance based education system - because of the unions, everyone must be paid the same, good or bad. Think about the rubber rooms in New York that cost 100 Million a year for teachers to sit, sleep, read and put in their time.
@weneedmccain The problem with performance based education is how do you fairly measure it? Do you reward the teachers that receive the high achievers who will always score well and punish the teachers who receive the low achievers that do not test well. Teachers do not choose their students, plus, students are not products, they are people. What do teachers do about students that refuse to pick up a pencil to participate? When do we hold students & their parents accountable as well?
Just saying that the teachers pensions should be clumped into the private sector will not change anything. the rich will get richer and the poor will get poorer. CEOs and execs siphon money out of their private sector employees retirements and make billions in pensions. It's simple logic. Illinois is too corrupt to benefit from a change suggested by weneedmccain. Besides, why should the public employees pay for the poor pension laws that were put forth by lazy greedy part time politicians?
Not clumped, but be no higher in percentage. Most pensions in the private sector are about 30% of their wage. For teachers it's 75-85%, that's outrageous!
Who's talking about CEO's here? I'm talking about working stiffs, who pay huge property taxes every year, that's where their money is going, pensions!
Currently, public employees pay very little into their pensions compared to how much taxpayers pay , now and during retirement at age 55.
pensions in the private sector being so low is only a result of the skewing of the results taken. Most people in the US (especially now) are relatively average to low income (especially with more minorities just flooding their way in). The average youre talking about is a result of capitalism.
this is retarded. "If it was for the kids it would be going into books etc..." So if you take away the only incentive to becoming a teacher (since the wages are so ridiculously low) whos going to teach those kids with all those new books?
Yes, it is technically accurate, but 94 teachers is equivalent to what percentage of all teachers pensions? What is an average teacher's pension? I agree, 5% is a very good raise, yet a teacher's beginning salary is very low compared to other professions. Not sure why teachers don't start out with a wage comparable to other 4 year degree professions (taking into account summers off).
I would not say starting salaries are VERY LOW, yes they start off that way, but they all know, if they stay there for 35 years, it's a lock!
I always heard about the low salaries, I never realized I was getting the base pay, and not the pay of those who have been in the system 25 years.
The facts are these, Illinois is already broke. Last year alone, they paid 1.8 Billion out of the general revenue fund for pensions. 3 Billion this year.
District 220 (Barrington) is very different than most of (especially rural) Illinois. My sister's pension (4 year college degree) after switching to teaching & working ~ 15 years will be ~$10,000 a year and her social security for her prior work is decreased to 40% of what it would have been. Yearly raises for teachers over 40 are capped at 5% so people who switch careers don't earn very good pensions. I don't think this commentary really gives an accurate picture of teachers pensions.
You can provide a variety of different scenarios to come up with different numbers. But everything is stated clearly and accurately in this piece.
Your scenario does not negate the fact that 94 of the top 100 pensions are education pensions in Illinois. To get in that top 100, you need to make a minimum of $171,000 per year.
Lastly, even 5% per year raises are SIGNIFICANT next to the private sector, wouldn't you agree?
listen. taking out of teacher pensions is unconstitutional. if you want to violate the constitution, then why not change it to allow the gov't to cut pay checks to overpayed baseball players and actors?
They need to get rid of that constiutional provision, it's killed California, and it's coming to Illinois next.
Your statement is ridiculous. Actors and baseball players get paid with PRIVATE SECTOR money. Teachers get paid with PUBLIC TAXES!!!!!
Can you distinguish the difference? I say throw the public school system in the toilet and hand education over to the private sector who will do twice the job with half the money.
So how would you make the Private Sector run education? Would you eliminate pensions and just give teachers better starting wages?How long would it take to transition from public to private sector? Would there even be enough teachers willing to enter into this system? Weneedmccain if you have a better solution to the spending problems and you really think teacher pensions is the main cause of it I'd like to hear it.
I'm of mixed feelings on this; my mother was a teachers' aide back when the school districts were still able to afford teachers' aides, and we joked that the first job I got (40 hours a week one summer) paid more weekly than her job did. AFAIK the rank-and-file teachers aren't paid that much better. It's all the fat cat union representatives and upper management that have managed to feather lovely nest eggs for themselves.
illinois is very simalar to califorina high taxes on top of that doesnt help either. America is getting out of contrull with these stupid people like the openly gay guy i forget his name
@fosnaugh123 You mean like stupid people who forget the names of gay people that have nothing to do with whatever incoherent comment they thought they were making. Are you the pot or the kettle dude?
Come on conservatives move to Texas. Liberal who started this pension plan, stay and pay.
I agree with ciscokid998: Freedom of Choice in education will build a better student. Any person who says otherwise, has never looked to see where the American student stands in the world. Our rank is near the bottom, beneath 3rd world countries. Paying more for education does not give you a better education.
Where did you get this number? We are talking about illinois anyways, which has historically been among the highest educated people in the country. So paying LESS for education would help this scenario? You've gotta be kidding me.
My point is teachers should not make more than their private counterparts. Especially since they are getting paid with tax dollars, and not earned dollars.
The public sector is suppose to be a civil servant position. But these pensions have made the private sector servants to the public sector.
believe me, this is going to end. Already one of the guys in this video is on the governors task force to deal with the huge costs.
Funding the student instead of the schools is the way out of this. Freedom of choice will demand schools to compete, resulting in a better education for our youth.
You pay for this some in tuition at universities and you will pay for this the rest of your life in taxes if you work in IL. Also, money that could be going to schools, roads, etc is going to high pensions which means that needed things get less money.
Well, that's hard to say. I keep my ear pretty close to the ground and I produced this one hour television program (this is just an excerpt) and I was blown away.
But I go through Chicago every day, and people I meet so far aren't... well... the brightest bunch I have met. They seem to be completely oblivious to this.
Illinois has already spent the majority of its money on road construction and other constructions, as well as schools (private ones get grants from rich old billionaires. Your argument has little merit here...
I live in California and it is the same way...and our state is bankrupt now. We spend the most per kid in the country on our school system...yet our academic performance is in the bottom 20% as a state
what's worse is that if these teachers pension funds make a loss gambling on the stock market, they tap the govt who steals from the private sector taxpayer ot make good their losses.
meanwhile most workers in the private sector don't even have a pension! yet they have to fund someone else's pension.
public sector unions = making some other sucker pay for your lavish salary & retirement.
orangedac 1 year ago
I disagree with the end of the video when it states that this is Socialism.
Nothing could be further from the truth. It looks like most of us get poor while a small group of public employees get filthy rich.
It looks like the business owners ( Otto ) are pissed because they have to give up a larger slice of there riches to feed the public unions that they feel do not deserve the money.
One greedy group fighting another greedy group, and the tax payer is the loser both ways.
6489532ab 1 year ago
@6489532ab On the contrary, business owners are pulling up stakes and moving to another State, more jobs will be lost. There's a mass exodus going on in Illinois right now due to the 67% tax increase. Which will mean fewer jobs, fewer taxpayers, and less revenue for the State. Illinois is quickly moving into an unsurmountable sink hole with no bottom to it. This is the legacy of Democrats and the incestuous relationship they have with the unions.
weneedmccain 6 months ago
THIS VIDEO IS STRAIGHT BULLSHIT! This video is the product of a group in Wheaton that cherry picks teacher facts and avoids other state pension facts to demonize teaching. Their leaders have pension benefits and retirement resources far greater than those of the average state employee.
Otaruihc 1 year ago
You are incorrect. These are the facts, and they are undisputed.
It's public pensions that have bankrupted California, and it's about to happen in Illinois. I am not, nor anyone connected to this video from Wheaton or anywhere close.
So I would say every one of your comments are erroneous, ignorant and entirely bullshit.
weneedmccain 1 year ago
@weneedmccain Once there are no pensions, benefits, of any kind, we are just going to have excellent teachers. We will just have so many people rushing to go into a field & face unruly youngsters, irate parents and still be villainized. I wonder how many six figure salaried governors, superintendents, politicians like ole Weiner, and county commissioners are willing to sacrifice their pensions like they are asking teachers to do?
henryoil 7 months ago
Otaruihic What you really meant was. OH SHIT,WHAT WILL HAPPEN IF EVERYONE FINDS THIS OUT. Between employer and employee, aprox. 13.5% of income is paid to social security with an eventual payout of 30% of yearly income. Teachers and other public servants pay 9% of income and get a payout of 75-80% of yearly income. Also public servants are eligible for benefit at a much earlier age. This is and will bankrupt the state.You misrepresent this and you are an educator?Or an educated fool?
finerbiner 1 year ago
You fail to mention one important thing. You make it sound like this money just comes out of taxes, we contribute to this pension out of our paycheck every month. We don't contribute to SS or to a 401k, so this is all we have. We get paid less than we would make in the private sector so we sacrifice now to get some benefit in the end.
eduran1 1 year ago
Most of it does come out of taxes. Teachers do pay a small percentage of their pension and a small percentage of their healthcare. The majority of it is at taxpayer expense.
Further, teachers get paid 3x to 4x more than the private sector. Drivers Ed instructors get up to 100K compared to private which is about 30K - big difference.
Teachers don't make the big bucks right off, but it grows substantially over the course of time.
Pensions should not be more than the private sector.
weneedmccain 1 year ago
Do you really think putting teachers into the private sector is a good idea? The teachers from low income areas will not be able to compete with better qualified teachers and will lose their jobs or just be forced to teach in low income areas for much less pay for poorly educated,which will not help mold people into valuable contributors to society.
jhole86 2 years ago
Absolutely, the private sector is performance based. Teachers will have to teach, and for less money.
Is public education currently molding people into valuable contributors to society?
America is what, 18th in the world regarding education?
With all the money being poured into education (#1 in the world) where are the results?
Truth is, public education is a socialistic system run amok!
weneedmccain 2 years ago
@weneedmccain America ranks so low in education for a variety of reasons and it is the fault of the system, not the teachers. 1. Many places in the world only teach the cream of the crop, we teach everyone and have a stupid law called No Child Left Behind that expects every kid to test on level, sorry, thats not reality. 2. Today's society does appreciate or foster education and expect teachers to raise the students. Blame politicians for ruining education, but leave teachers alone.
henryoil 7 months ago
@henryoil I have nothing against the teachers. There are some excellent teachers out there who do not receive the compensation they should because there is no performance based education system - because of the unions, everyone must be paid the same, good or bad. Think about the rubber rooms in New York that cost 100 Million a year for teachers to sit, sleep, read and put in their time.
weneedmccain 6 months ago
@weneedmccain The problem with performance based education is how do you fairly measure it? Do you reward the teachers that receive the high achievers who will always score well and punish the teachers who receive the low achievers that do not test well. Teachers do not choose their students, plus, students are not products, they are people. What do teachers do about students that refuse to pick up a pencil to participate? When do we hold students & their parents accountable as well?
henryoil 6 months ago
Just saying that the teachers pensions should be clumped into the private sector will not change anything. the rich will get richer and the poor will get poorer. CEOs and execs siphon money out of their private sector employees retirements and make billions in pensions. It's simple logic. Illinois is too corrupt to benefit from a change suggested by weneedmccain. Besides, why should the public employees pay for the poor pension laws that were put forth by lazy greedy part time politicians?
jhole86 2 years ago
Not clumped, but be no higher in percentage. Most pensions in the private sector are about 30% of their wage. For teachers it's 75-85%, that's outrageous!
Who's talking about CEO's here? I'm talking about working stiffs, who pay huge property taxes every year, that's where their money is going, pensions!
Currently, public employees pay very little into their pensions compared to how much taxpayers pay , now and during retirement at age 55.
weneedmccain 2 years ago
pensions in the private sector being so low is only a result of the skewing of the results taken. Most people in the US (especially now) are relatively average to low income (especially with more minorities just flooding their way in). The average youre talking about is a result of capitalism.
jhole86 2 years ago
this is retarded. "If it was for the kids it would be going into books etc..." So if you take away the only incentive to becoming a teacher (since the wages are so ridiculously low) whos going to teach those kids with all those new books?
jhole86 2 years ago
There are many quality teachers in the private sector that would gladly jump in and teach the kids.
Ridiculously low? Give me a break, they can get tenure, do nothing working part time and retire with a whopping pension.
Time to end public education, it can be labeled a whopping failure.
weneedmccain 2 years ago
Yes, it is technically accurate, but 94 teachers is equivalent to what percentage of all teachers pensions? What is an average teacher's pension? I agree, 5% is a very good raise, yet a teacher's beginning salary is very low compared to other professions. Not sure why teachers don't start out with a wage comparable to other 4 year degree professions (taking into account summers off).
mfg97 2 years ago
I would not say starting salaries are VERY LOW, yes they start off that way, but they all know, if they stay there for 35 years, it's a lock!
I always heard about the low salaries, I never realized I was getting the base pay, and not the pay of those who have been in the system 25 years.
The facts are these, Illinois is already broke. Last year alone, they paid 1.8 Billion out of the general revenue fund for pensions. 3 Billion this year.
Pay should be the same as the private sector.
weneedmccain 2 years ago
District 220 (Barrington) is very different than most of (especially rural) Illinois. My sister's pension (4 year college degree) after switching to teaching & working ~ 15 years will be ~$10,000 a year and her social security for her prior work is decreased to 40% of what it would have been. Yearly raises for teachers over 40 are capped at 5% so people who switch careers don't earn very good pensions. I don't think this commentary really gives an accurate picture of teachers pensions.
mfg97 2 years ago
You can provide a variety of different scenarios to come up with different numbers. But everything is stated clearly and accurately in this piece.
Your scenario does not negate the fact that 94 of the top 100 pensions are education pensions in Illinois. To get in that top 100, you need to make a minimum of $171,000 per year.
Lastly, even 5% per year raises are SIGNIFICANT next to the private sector, wouldn't you agree?
weneedmccain 2 years ago
listen. taking out of teacher pensions is unconstitutional. if you want to violate the constitution, then why not change it to allow the gov't to cut pay checks to overpayed baseball players and actors?
jhole86 2 years ago
They need to get rid of that constiutional provision, it's killed California, and it's coming to Illinois next.
Your statement is ridiculous. Actors and baseball players get paid with PRIVATE SECTOR money. Teachers get paid with PUBLIC TAXES!!!!!
Can you distinguish the difference? I say throw the public school system in the toilet and hand education over to the private sector who will do twice the job with half the money.
weneedmccain 2 years ago
So how would you make the Private Sector run education? Would you eliminate pensions and just give teachers better starting wages?How long would it take to transition from public to private sector? Would there even be enough teachers willing to enter into this system? Weneedmccain if you have a better solution to the spending problems and you really think teacher pensions is the main cause of it I'd like to hear it.
jhole86 2 years ago
I'm of mixed feelings on this; my mother was a teachers' aide back when the school districts were still able to afford teachers' aides, and we joked that the first job I got (40 hours a week one summer) paid more weekly than her job did. AFAIK the rank-and-file teachers aren't paid that much better. It's all the fat cat union representatives and upper management that have managed to feather lovely nest eggs for themselves.
ChibiBarako 2 years ago
This is why I hate living in Illinois, the Liberals have destroyed everything. I'm mboing to Indiana when I turn 18.
Maz931 2 years ago 3
move to tennisee they got the best economy right now
fosnaugh123 2 years ago
illinois is very simalar to califorina high taxes on top of that doesnt help either. America is getting out of contrull with these stupid people like the openly gay guy i forget his name
fosnaugh123 2 years ago 4
@fosnaugh123 You mean like stupid people who forget the names of gay people that have nothing to do with whatever incoherent comment they thought they were making. Are you the pot or the kettle dude?
finerbiner 1 year ago
Come on conservatives move to Texas. Liberal who started this pension plan, stay and pay.
I agree with ciscokid998: Freedom of Choice in education will build a better student. Any person who says otherwise, has never looked to see where the American student stands in the world. Our rank is near the bottom, beneath 3rd world countries. Paying more for education does not give you a better education.
katiatomsk 2 years ago 5
Amen! If I move anywhere, it would be Texas. Texans don't fuck around when it comes to liberty and freedom. Plus, it's a liberals nightmare.
NAGGERNUTZ 2 years ago 3
Where did you get this number? We are talking about illinois anyways, which has historically been among the highest educated people in the country. So paying LESS for education would help this scenario? You've gotta be kidding me.
jhole86 2 years ago
Which numbers are you referring too?
My point is teachers should not make more than their private counterparts. Especially since they are getting paid with tax dollars, and not earned dollars.
The public sector is suppose to be a civil servant position. But these pensions have made the private sector servants to the public sector.
believe me, this is going to end. Already one of the guys in this video is on the governors task force to deal with the huge costs.
weneedmccain 2 years ago
Funding the student instead of the schools is the way out of this. Freedom of choice will demand schools to compete, resulting in a better education for our youth.
ciscokid998 2 years ago 3
sheesh!
Atoyota 2 years ago
wow... just wow... and i go to school in illinois... what does that mean to an illinois student who lives in indiana?
mascot1063 2 years ago
You pay for this some in tuition at universities and you will pay for this the rest of your life in taxes if you work in IL. Also, money that could be going to schools, roads, etc is going to high pensions which means that needed things get less money.
CIDaily 2 years ago 2
And how many people are blinded by this?
mascot1063 2 years ago
Well, that's hard to say. I keep my ear pretty close to the ground and I produced this one hour television program (this is just an excerpt) and I was blown away.
weneedmccain 2 years ago
But I go through Chicago every day, and people I meet so far aren't... well... the brightest bunch I have met. They seem to be completely oblivious to this.
mascot1063 2 years ago
Illinois has already spent the majority of its money on road construction and other constructions, as well as schools (private ones get grants from rich old billionaires. Your argument has little merit here...
jhole86 2 years ago
Rich old billionaires huh? Then how come private teachers make much less money than the public sector?
Last year, 1.8 billion of general revenue went to pay education pensions.
This year, it's over 3 billion, yes with a B!
That's over 4 billion dollars that WON'T go towards our roads and infrastructure.
Your argument has no merit.
weneedmccain 2 years ago
WTF!!!!!!!!!???????????????????
Mrcharliebobo 2 years ago 2
I live in California and it is the same way...and our state is bankrupt now. We spend the most per kid in the country on our school system...yet our academic performance is in the bottom 20% as a state
CIDaily 2 years ago 2
thanks Illinois...thanks so much...
(faved btw)
pseudohippie55 2 years ago