From Andrew Biggs at
AEIdeas:
According to the latest annual report of the Chicago Teachers Pension Fund, the average teacher who retired in 2011 after 30 or more years of employment—what passes for a full career in the public sector—had a final salary of $105,888 and will receive an annual guaranteed pension of $78,576. The salary puts the average Chicago teacher in the top 5% or so of workers nationwide, while even fewer private sector workers will receive a pension that generous. The obvious conclusion? Let’s strike.
If anyone should go on strike in Chicago's schools, it's parents and students. Chicago's school system is one of the worst in the country.
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