How did Governor Rauner make his money?

Rauner was the chairman of private equity firm GTCR, where he had worked for more than 30 years, starting in 1981 after his graduation from Harvard through his retirement in October 2012. In 2015, Rauner reported earning over $180 million.

What is the average pension for a Chicago teacher?

The average career Chicago teacher’s pension is worth $6,376 a month or $76,511 a year, despite pensioners contributing a small percentage of their pay to the pension system during the course of their lifetime.

What is the average teacher pension in Illinois?

Discussion: The average annual pension for a retired Illinois teacher in fiscal year 2019 was $58,860.

Do Illinois teachers pay into their pensions?

As they work, teachers and their employers must contribute into the plan. Those contribution rates are set by the state legislature and can change year-to-year. In 2018, teachers contirbuted 9.81 percent of their salary to the pension fund, while the state contributed 30.86 percent.

How much money did Pritzker spend on his campaign?

In total, Pritzker had spent US$171.5 million of his own wealth on his campaign, primarily on digital outreach, television advertising, and staff.

How long do teacher pensions last?

The average teacher lives 30 years after retirement. Most teachers will continue to receive more from the pension plan than they ever put into it. The pension is guaranteed for life and is protected against inflation.

How much does a teacher pay into their pension?

The employer contribution that colleges, schools and post-1992 universities pay to the Teacher Pension Scheme will rise from 16.48% to 23.68% in September 2019 – an increase of more than 40%.

Do teachers pay into their pensions?

All teachers on contract with public, separate or charter schools in Alberta are members of the Teachers’ Pension Plan (the Plan). Pension contributions are made during any period teaching under a contract.