WHO Newsradio 1040 | Group calls for pension reform in Iowa

TUA’s pension project on Iowa is featured in this story at WHO Newsradio 1040.
A non-partisan taxpayers rights organization is urging Iowa to reform its pension system for public employees.
Taxpayers United of America, based in Chicago, wants states to switch from a traditional pension system, to a contribution system, like a 401k, and require public employees to pay for health insurance.
They also want more pension transparancy, noting such information is kept private.
Through the Freedom of Information Act, the organization got payroll information and has projected “estimated” pensions. A “Who’s Who” list on their website, www.taxpayersunitedofamerica.org.

Note to Kentucky: Top Bowling Green Government Pension Estimates Released

CHICAGO–A report released today by Taxpayers United of America (TUA) reveals that Bowling Green and Warren County government employees are not only receiving generous salaries, but that over a normal lifetime, many of these government employees, when they retire, will become pension millionaires. Kentucky bureaucrats refuse to release pension figures, so total pension payouts were estimated* for this report.
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“Warren County taxpayers struggle through this recession with an average wage of $35,000, a median home value of $133,100, and 7.8% unemployment, government employees really rake it in while they are employed and then when retired,” said Christina Tobin, TUA Vice President. (Read more…)