$500 Million Property Tax Increase Unnecessary to Pay Lavish, Gold-Plated, Government Pensions of Chicago Retirees

By on February 1, 2011   /   News Releases, Pension Reform  

CHICAGO—Chicago’s retired government employees receive lavish, gold-plated pensions, and, according to Jim Tobin, President of the Illinois Taxpayer Education Foundation (ITEF), the real reason Governor Quinn signed the $500,000,000 Chicago property tax increase is to pump more taxpayer dollars into the extravagant pensions of these retired Chicago government employees.
“Those receiving the largest annual pensions are retired Metropolitan Water Reclamation District (MWRD) employees, whose average pension is $57,600!” said Tobin. Of the 1,601 pensioners in the MWRD fund, the largest annual pension went to Osoth Jamjun, whose annual pension was $181,392 — $15,116 a month. Joseph P Sobanski, not only received an annual pension of $180,855, but his last salary while working for the MWRD was an extravagant $229,320.”
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