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Champaign Government Pensions Take Huge Bite out of Taxpayers

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Champaign, IL – Taxpayers United of America (TUA) today released its updated study of Champaign County, IL government employee pensions, publishing the top 200 pensions Champaign County Illinois Municipal Retirement Fund (IMRF), the top 200 pensions of the Teachers’ Retirement Fund (TRS), and the top 200 pensions of State University Retirement System (SURS). Taxpayers United of America issued the following statement based on the TEF pension study.

Click to View Top 200 Champaign TRS Pensions

Click to View Top 200 Champaign SURS Pensions

Click to View Top 200 Champaign IMRF Pensions

“Champaign area government pensions take a 50% bite out of property taxes just to fund the IMRF, police, and fire retiree funds,” said Jim Tobin, TUA president.

“IMRF pensions are funded by property taxes but government bureaucrats are more concerned about fulfilling promises made to state government union bosses, in order to maintain and enhance government pensions, than they are about their constituents.”

“Illinois Governor Jay Robert “J. B.” Pritzker has plans to increase state income taxes. Pritzker has advanced his proposal for an income tax increase amendment. The measure, which will be put to voters on the 2020 November ballot, would change the current flat-rate state income tax to a graduated state income tax that would decimate the middle class.”

“The average retirement benefit of a former government employee in Illinois is a hefty $56,148 – for an average period of 20 years on the government payroll. The average Champaign taxpayer’s Social Security pension is about $17,532 per year, and is funded completely with private money from taxpayers and their employers. But the IMRF pensioners also usually collect Social Security on top of their overly generous Illinois pensions.”

“You may recognize some of these names of the government pensioners with multi-million-dollar payouts:

SURS pensioner Peter Maggs struggles to get by on an annual pension of $445,321. With a 3% annual compounded cost of living adjustment, that will accumulate to

$2,688,656 when he reaches the age of 85 in just a few years.

Michael W. Caine retired from Champaign CUSD 4 and currently collects $186,335 annually. Over a normal lifetime, he will accumulate $5,317,694 in pension payments.

William L. Volk retired from Champaign-Urbana Mass Transit and has a current annual pension of $243,922. Mr. Volk likely gets about $28,000 more per year from Social Security.

There are now 2,572 more government retirees receiving over $100,000 compared to last year. This brings the new total to 22,053 retired government employees receiving over $100,000 a year.

Additionally, there are now 111,809 Illinois government pensioners collecting more than $50,000 in taxpayer funded payments yearly. This is an increase of 4,717 from last year, that total being 107,092.

“Illinois courts have made it clear that they will protect the government pensions regardless of how devastating they are to the state, the taxpayers, and the communities of Illinois. Communities throughout the state are cutting services needed today so that they can pay for services of years past.”

“It is just unreasonable to allow people to retire in their 50’s and early 60’s, pay a 3% automatic cost of living adjustment, and expect taxpayers to foot the bill. Now that billionaire Jay Robert “J. B.” Pritzker has been elected, government pension reform won’t occur anytime soon. Pritzker will continue to try to tax his way out of this mess,” concluded Tobin.

REMINDER: Fill Up Before July 1!

This is a reminder to all Illinois taxpayers to fill up their tanks with gasoline before Pritzker’s Gas Tax Increase takes effect July 1.

Illinois Governor Jay Robert “J. B.” Pritzker recently approved massive regressive tax increases on gasoline and other items, affecting the poor and middle class.

Some of the tax increases include:

  • Doubling the Illinois state gasoline tax.
  • Increased license plate fees.
  • Increased driver’s license fees.
  • Allowed an additional 8 cents in county gasoline taxes.
  • State gasoline taxes will be automatically increased every year without future votes.

“Illinois may as well have elected a pirate, seeing how thoroughly Pritzker is pillaging Illinois,” said Jim Tobin, President of Taxpayers United of America. “It is newer and higher taxes as far as the eye can see. Not only that, but these taxes are all regressive in nature. Pritzker has already broken his promise to tax only the rich.”

“The $45 Billion in new spending paid for by these new tax increases needs to be a red line for Illinoisans. We are taxed enough already. This policy of continually raising taxes is killing Illinois. Taxpayers must reject and repeal any new taxes.”

“In the meantime, fill up on gasoline while the prices are still lower.”

PRITZKER AND MADIGAN TO PUSH ILLINOIS OVER THE EDGE WITH THEIR PROPOSED GRADUATED STATE INCOME TAX INCREASE

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Illinois taxpayers—and the state itself—have never been in a more precarious situation than now. Gov. Jay Robert “J. B.” Pritzker, a creature of the Cook County Democrat political machine, and Chicago machine boss and Ill. House Speaker Michael J. Madigan, rammed through the Illinois General Assembly a graduated income tax increase amendment to the Illinois Constitution that will appear on the statewide ballot.

“This proposed change in the state income tax is a financial nightmare,” said TUA president Jim Tobin. “If the Democrats are successful in hoodwinking the state’s voters into passing it, the amendment will drive more taxpayers and businesses out of Illinois. It will put the state in a death spiral. The state is not far from that point now. This amendment would put the state over the edge.”

Rates for individuals under Pritzker’s plan would jump to nearly 8 percent for anyone earning more than $250,000 per year. For those with incomes of more than $1 million annually, the 7.95 percent rate would not be marginalized—it would be applied to every dollar, not just income of more than $1 million!

“Make no mistake: this is a planned tax increase on the state’s middle class,” said Tobin. “Pritzker says the high upper rates would apply only to the state’s ‘rich,’ but, for Pritzker, the middle class is what he defines as rich.”

“In the early 1900s, the federal income tax was passed with the same promise that it would apply just to the rich. How has that worked out?”

“We defeated the Berman income tax increase amendment in 1992, and we can defeat the Pritzker income tax increase amendment.”

“We will get in touch with taxpayers across the state, especially the suburbs in the most heavily populated counties, to help them organize and spread the word against this ballot measure,” said Tobin. “We will meet with voter groups in person, contact them by direct mail, and by email. There is no inexpensive way to do this, but the stakes are too high for us to hold back.”

“We will use all our resources to fight this horrendous state income tax increase amendment, because if it passes, it will be the end of the State of Illinois.”

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DISCLAIMER

Taxpayers United Of America: (TUA). is a nonpartisan, 501(c)(4) taxpayer advocacy group. Founded June 27, 1976 in Chicago, Illinois by activist and economist Jim Tobin, TUA works on behalf of taxpayers to reduce local, state, and federal taxes. In the past forty years, TUA has saved taxpayers more than $200 billion n taxes and has become one of the largest taxpayer organizations in America. Check All posts. s.

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