Kirkwood School District has the highest paid superintendent in the state but is number 2 when it comes to the amount of pensions paid out in the state according to this St. Louis Today article quoting information from Taxpayers United of America:
At least 100 former or current St. Louis County school district leaders will make more than $4.3 million after retirement in taxpayer-supported pensions, and another 100 workers for the State of Missouri will make more than $2.3 million over their lifetimes in pension earnings, according to lists released here today by an anti-pension advocacy group.
The Taxpayers United of America, in the middle of its Midwest tour, stopped in St. Louis this afternoon for a press conference before heading on to Jefferson City, Springfield, and Kansas City this week, then California, Virginia and Kentucky later this year.
Taxpayers United Vice-President Christina Tobin and Director of Outreach Rae Ann McNeilly said the lists expose "the top government salaries and pensions" for public school and state workers.
"St. Louis County public school teachers and Missouri government employees are pulling in huge salaries and will have lavish, gold-plated pensions when they retire," Tobin said in a prepared statement. "Meanwhile, Missouri taxpayers are suffering through the worst economic climate since the Great Depression."
Just how large are some of these pensions?
The Parkway School District topped the educators list, with 15 employees - mostly or all administrators - making the top 100, at an estimated annual cost of $1.7 million, or $73 million over the lifetimes of the workers.
Kirkwood schools came in next, with 13 employees on the list at a cost of $1.5 million per year, or $63 million over their lifetimes.
In total, the top-100 educators averaged about $115,000 each annually.
The study's top overall payout went to Parkway's former superintendent, Robert Malito, who is collecting an estimated $175,448 in retirement, or about $7.5 million over his lifetime.Wow. Can you believe this? Look at this list of teachers and administrators and be prepared to be amazed at the amount of tax payer dollars that are being spent for pensions that a private industry worker cannot even believe to expect through his/her 401K. Wouldn't most privately employed retirees be eager to retire at $175,000 a year in his/her retirement?
The next time your school district comes to you for a tax increase and tells you it's "all for the children", take along this list and determine how much some of your district employees are being paid out over their lifetimes. No wonder public education costs so much these days.
For a detailed report on how teacher pensions are fast becoming a trillion dollar taxpayer liability, read the Forbes article "The Teacher Pension Nightmare".