Where "Contractually Corrupt" meets Institutionalized Greed

I've covered (and will cover again), the "institutionalized greed" of the Government/Educational Complex.  One of the most egregious practices; which if uncovered in a private corporation, would be grounds for legal action; is the Teacher's Retirement System.

In River Forest, the former Superintendent (a Ms. Tyra Manning) went from $184K in 2002, to $193K in 2003 to an OBSCENE $226K in 2004, where upon she retired, soaking up a pension inflated by these gross increases.  Ms. Manning is BANKRUPTING the pension system and cheating younger teachers.

As if THAT isn't enough, the clause below is an example of something that is probably in virtually EVERY district's contract.  It (below) happens to be from Cary's D-26.

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Article XII, Section 12.1 B

Those employees who notify the Board of Education on or before September 30th of the current school year, by confidential letter of tentative resignation, effective at the close of that school year, will be granted a twenty percent (20%) salary increase over their previous year's salary, as per Section–Creditable Earnings of the Teachers’ Retirement System–Employer Guide.

This tentative letter of resignation may be withdrawn with written notification to the Board of Education through January 15th of that school year. The salary increase bonus will be paid before June 30th on the final check received by the retiree in the year of retirement.

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If your blood isn't boiling, you are either an idiot, or one of the people enriching themselves on this scheme.

Comments

[Dean Dahlgren]

Bruno can you or anyone else tell me how to find a copy of D 211 Teachers contract? On-line preferable.