10 Pension Stories That Will Make You Sick
From Illinois, the is the case of Mr. David Piccoli. As a retired lobbyist for the Illinois Federation of Teachers, Mr. Piccoli did not spend much time in the classroom and it would appear he spent his time figuring out how to bilk pension systems. Mr. Piccoli currently receives $31,000 a year from the Teacher Retirement System in addition to another $30,000 a year from a different state pension system for his time as a legislative aid. Now, Mr. Piccoli is bringing suit for another $36,000 annually from the Teacher Retirement System because he spent one day in 2007 as a substitute teacher at a school in Springfield. If he wins, Mr. Piccoli will be bilking an astounding $97,000 a year.
