My mother and father-in-law are both retired teachers from Michigan with 30 years of service, and they get life retirement from age 55 on. Plus, they get Social Security.
For your information, they only get 40 percent of pay. Chris Lauzen, our State Senator, told me recently that if Illinois could dial the benefits back to 45 percent of ending pay, we would have no unfunded liability and teachers could still retire at 55.
The entire financial problem of Illinois is that our teachers think they are twice as valuable as Michigan teachers. It isn’t enough that no one in the private employment arena has a benefit anywhere near as good as the Michigan teachers. Our folks want double.