California teachers' pensions out of control

A %385,000 a year retirement...PENSION?? For ONE person? This is unbelievable! 100 teachers =$887 MILLION dollar liability? Follow the links over here:

While the California teachers' unions are effectively destroying one school system after another, an alert commenter pointed me to some even more shocking news from Illinois. Their pension system for educators is -- if you can believe it -- even farther off the reservation.Using actuarial calculations from the Teachers' Retirement System (TRS), Champion News reports that the total estimated pension liability for the top 100 retirees will equal...