I read an article by Tax Watchdog Jake Griffin in the paper on May 21. I learned that Superintendent Loren May, who leads a small elementary district in Glendale Heights, was earning $357,117 per year.
I'm sure that Dr. May is worth every penny. However, this kind of salary sets up a pretty sizable pension. Just how sizable? Well, if Dr. May's pension is the typical 75 percent of pay, plus a 3 percent cost of living increase compounded annually, his pension after 30 years in retirement would add up to a little over $11.5 million dollars. Yes, $11,500,000. But hey, it's only taxpayer money!
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