Sunday, February 13, 2011

Number of $100,000 retirees skyrocket in teacher pension system( up 30% per yr )

May 2009. Back then there were 3,010 retirees earning $100,000 or more annually from CalSTRS. Earlier this month, the foundation obtained updated data from CalSTRS and the number has grown to 5,308 (5,309 if you count one woman earning $99,998.88). That’s a 76 percent increase. In less than two years. And that’s not all. The foundation, run by President Marcia Fritz, also requested a list of CalSTRS retirees earning $75,000 or more annually. Guess how many CalSTRS pensioners are earning between $75,000 and $99,999.99. 19,503. Combined you’re looking at 24,811 retired California teachers earning more than $75,000.

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