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Nearly 22 Percent of Retirees from District 155 Receive $100,000 Pension

The Daily Herald reports there is a higher percentage of six-figure pension payments being doled out to retired educators in six suburban counties, including McHenry County.

Compared to the rest of the state, a higher percentage of retired McHenry County educators are receiving six-figure pension payments, according to a Daily Herald article.

In District 155, 21.9 percent of retired educators received a pension over $100,000 in 2012 and on average, received pension payments of $72,058.77, according to an interactive graphic on the Daily Herald. The average pension payment for retired District 26 educators was $51,210.12 last year and the average pension for District 47 educators was $47,213.43, according to the Daily Herald. 

While six-figure pensions make up seven percent of the total pension payments in Cook, DuPage, Kane, Lake, McHenry and Will counties, less than one percent of retired educators in the remaining Illinois counties bring home that amount, according to the Daily Herald

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Bob Stock March 6, 2013 at 11:25 pm
If one doesn't believe pension reform is something needed, all one needs to do is take these amounts into consideration and the conclusion that these pensions are out of control to understand how haywire its' become.
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