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Million Dollar Retired Superintendent

March 10, 2013 By 8 Comments

Golden Nest EggIndiana has a superintendent who was able to get a $1 Million retirement package.

it wasn’t until this month that board members realized just how lucrative that deal was, to the tune of more than $1 million.

Thompson, 64, who retired in December after 15 years with the district, already has received more than $800,000 of his retirement deal, which included a year’s base pay at more than $225,000, as well as contract provisions that kicked in hundreds of thousands ..

This is not the only way ex-superintendents get rich off the taxpayers:

  • Retired superintendent of New Trier Township High School District Hank Bangser, collects a $261,681 state pension, while working as a school superintendent in Southern California’s Ojai Unified School District making $170,000. His total annual compensation: $431,681.
  • Retired Wheaton Superintendent Gary Catalani receives a $237,195 Illinois state pension while earning another $195,000 from the Scottsdale, Arizona school district. His total annual compensation: $432,195.
  • Retired South Cook superintendent Eric King receives a $166,608 Illinois state pension and earns another $168,343 salary as the superintendent of the Muncie, Indiana school district, for a total of $334,951.
  • Retired East Maine Superintendent Kathleen Williams receives a $177,711 Illinois state pension, and earns another $156,000 in Wausau, Wisconsin. Her total compensation: $333,711.
  • Retired Superintendent Rebecca van der Bogert collects a $169,050 Illinois state pension, another $21,974 from Massachusetts, and currently works in Florida as the head of the Palm Beach Day Academy.
  • Retired superintendent of the Oak Park and River Forest Districts Attila Weniger, receives an Illinois state pension of $180,302 while earning another $149,500 as the superintendent of the Stevens Point Area Public Schools District in Wisconsin, for a total of $329,802.
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Filed Under: Education, Education Spending, Public Pension Crisis, Top Stories, Uncategorized Tagged With: , , , , , , , , , ,
About Lennie Jarratt

Small Business Owner, Education Watchdog, FOIA expert, Founder of For Our Children's Future

  • Wolf

    Actually every Public Sector Employee receives a multi-million dollar retirement package with exorbitant COLAs. Every Public Sector Employee receives over 80% of their final salary annually as a “guaranteed” pension payout plus exorbitant COLA increases. Not even considering the 50% over compensation levels to start with and the 40% inflating of the final salary prior to retirement seen in their Public Sector Labor Contracts plus their retirement starting in their 50s, it takes roughly $2 million dollars at a conservative investment return to allow a $50K payout for a retirement life time. Since the payout levels and costs are generally closer to an average over $100K you can see the value of their pensions. Compare this with the private sector Social Security payout of $10K to $26K annually for life time annual contribution levels that are only about 20% less than that of the Public Sector and you being to see the immensity of the fraud that is being perpetrated upon the taxpayers of this country by the Public Sector and why the nation, states and municipalities are broke. The Public Sector pension obligations alone have placed an over $60 Trillion obligation on the backs of the taxpayers. It is clear today that the #1 cause of our economic and financial problems is the Public Sector 50% over staffing and compensation levels plus their millionaire pension scam. The Public Education Systems are exemplary in the perpetration of this fraud because they are the most effective Public Sector operation at the money laundering of taxpayer dollars back the Political Parties in the collusion between the unions and the Politicians. That is why we need a Referendum limiting the total Public Funding (Federal, state and Local) of K-12 Education at $7K per student. This would immediately address the massively bloated Public Sector Education operations. Add to this a Voucher System allowing parents to choose from the Private, Parochial and Public Systems and the dysfunctional Public Education Systems would receive the needed competition for the restructuring and reform necessary to save the future of the children.

  • Leroy Whitby

    Why should taxpayers be working into our 70′s or until death while they get millions?