Across the state, Ohio's State Teachers Retirement System paid out more than $741 million in pension benefits last school year. The money was spread out among 15,857 faculty and staff members who were still working for school systems and building up a second retirement plan, according to a recent story in the Columbus Dispatch.
That's an average of almost $46,800 in annual pension payments per retired-rehired worker more than Ohio's median household income in 2007, Bill Bush of the Dispatch reported in his story.
Almost 1,100 employees statewide were receiving an average pension payment last school year of $67,100 while simultaneously earning from $70,000 to more than $100,000 working for a school district.
Of that group, 299 went back to work earning more than $100,000 a year while earning pensions averaging $80,500, according to the system's records.