Ed Morrissey at Hot Airposted a story today about two high-ranking union officials who took advantage of a legal loophole in the Illinois pension law to collect a $100,000 per year pension for teaching one day in school. A bill was passed recently that:
…enabled union officials to get into the state teachers pension fund and count their previous years as union employees after quickly obtaining teaching certificates and working in a classroom. They just had to do it before the bill was signed into law.
The article at Hot Air Reports:
Although the bill received bipartisan support, the benefit to union officials was sponsored by Springfield Democrats showered by IFT campaign contributions during the 2006 elections.
“The people that are on the inside and understand the process are going to be able to make the system work for their advantage,” said Kent Redfield, who teaches political science at the University of Illinois Springfield. “That this legislation got a hearing and got considered and passed is a reflection of that close relationship between the IFT and the Democratic leadership.
“It feeds into the cynicism about all the deals, that it’s an insider’s game and that the system is rigged.”
Meanwhile, Illinois residents have been hit with tax increases because the spending by the state is out of control. Overspending by government is both a local and national problem. Until the unions and the democrat politicians stop working toward taking as much money as possible from working people while blaming the rich for the state of the economy, our country’s financial problems will continue.