Breaking News Bar
posted: 6/10/2014 5:01 AM

Some superintendents pensions very sweet

hello
Success - Article sent! close
 

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!

Bill Hartman

Barrington

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.