Broken Benefits: Higher Ed, Higher Pensions

Wednesday, October 26, 2011

Joel Milner said he hasn’t gotten any special deals.

As a retired psychology professor at Northern Illinois University, Milner pulls in an annual pension of $253,782 a year from a system that’s underfunded by billions of dollars.

Milner said he’s followed all the rules when it comes to earning his pension, and he never got an artificial salary boost or did anything behind closed doors.

Payroll records from NIU show that in 2003, Milner was paid an annual salary of $325,736, which was funded in part by grants. In 2007 – the year before he retired – his annual salary was $287,049.

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