We can only pray that Thomas (D155) resigns too or better yet gets fired.

The Daily Herald reported on December 19th that Lynette Zimmer will be paid $167,000 annually starting in July 2014 as Superintendent at Lake Villa Elementary District 41.

That would be for Fiscal Year (FY) 2015 which is July 2014 – June 2015 School Year.

The previous four years Dr. Zimmer has been at Prairie Grove District 46.

FY 2014 (July 2013 – June 2014):

Base Salary: 154,454.
Employer Paid Pension Contribution: $18,025.
Employer Paid Cost for Life Insurance: $573.
Employer Paid Cost of Health Insurance: $18,829.
Sick Days: 14.
Personal Days: 4.
Vacation Days: 25.

FY 2013 (July 2012 – June 2013):

Base Salary: $149,954.
Employer Paid Pension Contributions: $15,558.
Employer Paid Cost of Health/Dental Insurance: $14,416.
Employer Paid Cost of Life Insurance: $714.
Paid Sick Days: 14
Note sick days are not use it or lose it but can accumulate up to 340 days of sick days at which point they can be cashed out at retirement or exchanged for years of service credit at retirement.
Paid Personal Days: 5.
Paid Vacation Days: 25.
Days Worked: 260 (52 weeks).

Another report on the Prairie Grove website labeled Public Act 97-0609 and dated September 25, 2013 states Lynette Zimmer’s base salary is $154,454 with Benefits of $38,710 (includes Board on-behalf TRS pension payments, THIS payments, and insurance benefits), Sick Days 12, Vacation Days 0, for total compensation of $193,163.

THIS = Teachers Health Insurance Security Fund, which helps fund the state subsidized Teachers Retirement Insurance Program (TRIP).

2012 – $165,372 – Superintendent – 25 yrs experience

2011 – $165,372 – Superintendent – 24 yrs experience – Doctorate Degree

Below is Lynette’s experience at Fremont Elementary School District 79 in Mundelein.

2010 – $138,975 – Asst Dist Supt – 22 yrs experience – Masters Degree
2009 – $134,927 – Asst Dist Supt – 21 yrs experience
2008 – $129,738 – Asst Dist Supt – 20 yrs experience
2007 – $114,936 – Asst Dist Supt – 19 yrs experience
2006 – $119,912 – Asst Dist Supt – 18 yrs experience
2005 – $117,077 – Asst Dist Supt – 17 yrs experience
2004 – $112,003 – Assistant District Superintendent – 16 yrs experience
2003 – $090,255 – Elementary School Principal – 15 yrs experience
2002 – $085,147 – Elementary School Principal – 14 yrs experience -Masters.
2001 – $080,708 – 13 years experience – Masters.
2000 – $080,808 – 12 years experience – Masters.
1999 – $079,125 – 11 years experiende – Masters.

Full retirement benefits are 75% of the average of her last 4 years pay.

Typically full retirement is about 35 years, but with the ERO program and exchanging unused sick days, almost everyone retires before 35 years of service.

Most retire before 33 years of service.
ERO = Early Retirement Option.
FY 2015 she will have 28 years experience and be earning $167,000 base pay.
Another thought is, would pension pickups be added to creditable earnings?
For sake of argument let’s say its not, and Dr. Zimmer gets no more raises, before she retires at full retirement.
$167,000 x .75 = $125,250.
She will have a starting pension of $125,250.
Most retirees recoup their lifetime pension contributions to TRS in the form of pension payouts in 1 – 3 years.
Say she retires at 55 and lives to 80, which is 25 years.
For sake of argument, no Cost of Living Allowance (COLA).
$125,250 x 25 = $3,131,250.
She can easily become a millionaire in retirement.