Colorado

Just another $10 Million Government Pension

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CHICAGO —All across the country, millions of government pensioners are contract-bound to receive lifetime pension payouts, each in the millions of dollars, along with taxpayer- funded, premium healthcare insurance, according to Rae Ann McNeilly, executive director of Taxpayers United of America (TUA).
“There has been a flurry of reaction to the ‘discovery’ of Alameda County Administrator, Susan Muranishi, securing an excessive lifetime annual payment of $423,000. We have completed analysis of government employee salaries and pensions in nineteen states across the country and while Ms. Muranishi’s pay is on the high end of the scale, it just isn’t as uncommon as you might think.”
Peter G. Mehas, retired from the Fresno County Office of Education, annual pension – $241,807; est. lifetime payout: $9,357,534
Tapas Das Gupta, retired from the University of Illinois, annual pension – $426,885; est. lifetime payout: $8,337,549
Frank A. Fairbanks, retired city manager of Phoenix, AZ, annual pension – $246,813; est. lifetime payout: $7,404,386
Irene Mitchel, retired from the Pennsylvania Higher Ed System, annual pension – $332, 017; est. lifetime payout: $9,960,523
“Alameda County, CA (ACERA) had fourteen pensioners receiving eight-figure pensions in 2011, the highest being $17,824,590 estimated lifetime payout to Gary Thuman, based on his annual pension of $396,102. This is what he is being paid not to work.”
“Alameda County government teachers have a real sweetheart deal too. Christine A. Lim, retired from San Leandro Unified and enjoys $239,092 in annual pension payments. Her est. lifetime payout is a stunning $10,436,359. Not bad for ‘civil servant’. The top 100 Alameda County government teacher pensions average $5.5 million.”
“How did pensions ever get so outrageous?” asks McNeilly. “These grotesque pension payments have far exceeded any possible original intent of adequately compensating ‘civil servants’ for meager wages that lean government budgets could barely afford for basic services. No, the pension scam has become the number one tool of corruption for top government union bosses to stay in power and to reelect those that would make such deals with the devil. And to ensure the scam proliferates, lavish pensions have been awarded to the legislators who would vote on this issue. This keeps them protected by the state’s laws, and for judicial certainty, the very judges who might rule on any challenges to the system have themselves been made part of the conspiracy with gold-plated retirement security of their own.”
“Knowing all that we know about the desperate state of government pensions across the country, how then do some states continue to hide their pension largesse behind a shroud of legal secrecy? One might think pensioned judges wouldn’t protect their own pension payments from public review. But consider Colorado, where Denver District Judge Edward D. Bronfin ruled that the state’s own treasurer, Robert Stapleton, could not have ‘unlimited, unfettered access’ to the state’s PERA data, holding that individual names and pension amount are personal. When you consider that Colorado’s PERA has at least a $16.8 billion unfunded liability, it would seem the public will be picking up a majority of that tab and it should be open for review.”
“Colorado is not the only state that still hides pension payments from public review. To give taxpayers an idea of what the current government pension laws allow for, TUA estimated pensions for current employees, assuming they meet the terms of full retirement. The shear magnitude of these estimates explains why government bureaucrats maintain the shroud of secrecy. Consider current Colorado State employee, Robert K. Hammond, a Colorado State employee whose salary is $225,000. Under current PERA rules, assuming he meets all of the criteria, he would be eligible for an annual pension of about $168,750 that could accumulate to a lifetime payout of about $5.4 million.”
“Nevada is another state that keeps individual pension payouts from public review. The state keeps its approximately $11 billion in unfunded liabilities hidden as well. Ricardo A. Bonvincin, a corrections lieutenant, was receiving $435,658 in annual wages. Assuming he met all criteria for full retirement, he would have been eligible for an annual pension of $335,456, potentially accumulating to a stunning $15,961,017.”
“And so the list goes across the country.”
“Cities, counties, government boards are buckling under the shear magnitude of these pension promises — promises negotiated out of corruption and expanded to include all who would challenge them, such as legislators and judges. The current government-employee pension system is indefensible on any level. If contractual agreements are honored across the country, taxpayers will be required to sacrifice all their property to ensure that the ‘new elite’ keep pulling in the big bucks.”
“It is actually too late for pension reform, and time for pension settlement for existing pensioners and pension replacement for new hires. It is mathematically impossible to tax our way out of the government pension debacle, so what is left? Stockton, CA, is taking the bankruptcy path to dealing with its fiscal irresponsibility, which will allow it to reorganize its debt. Does every city, county and state government have to go bankrupt in order to fairly settle the incredible financial burden placed squarely on the backs of taxpayers as a direct result of this ubiquitous corruption?”
“But the debt is only half of the problem. Any city, county, state, or court that manages to survive the overwhelming pension crisis and allows the system to perpetuate under the same set of rules is acting criminally. It is time to end government pensions forever.”
Note: All pension amounts are based on 2011 reports generated on data received directly from each of the respective funds and the pension laws in force at the time of each study.

Colorado Springs & Pueblo CO Hide Stunning Government Pension Payments From Taxpayers

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COLORADO SPRINGS—Taxpayers United of America (TUA) released estimated pension payouts for Colorado Springs, Pueblo City and County, El Paso County and area government school employees. Colorado refuses to release actual government pensions, ignoring citizens’ right to review all payments funded by taxes. TUA calculated estimated pensions for government employees based on actual salaries of current government employees to shed light on the largess of the tightly guarded secret payouts.
“Colorado is the least transparent of the 17 states studied thus far in our nationwide pension tour, attempting to hide even government employee salaries,” stated Rae Ann McNeilly, Director of Outreach for TUA.
“The cost of shielding the system from review, and ultimately, reform, is devastatingly high as cities around the country are buckling under the weight of their unfunded liabilities. Government pension funds are the number one budgetary problem in the country and Colorado is no different. Choices will have to be made between services we need today, and stunning pension payments.”
“The purpose of our study is to put some perspective around individual pensions, to put them in terms to which the average taxpayer can relate. Taxpayers need to know how much Colorado’s government retirees are being paid not to work and the astronomical accumulation of those payments over an average lifetime. The top 300 government employees’ pension estimates being released today will each collect over $1.6 million to do absolutely nothing!”
“While residents across Colorado face crushing taxes, falling home values, high unemployment, and a very anemic economic recovery, government employees continue to receive stunning pensions funded by taxpayers who will never collect more than about $22,000 a year from Social Security.”
McNeilly continued, “For example, Robert C. Bux, El Paso County Coroner, stands to collect an estimated annual pension of $177,975* based on his actual annual gross of $237,300. His estimated lifetime pension payout could be a staggering $5,695,200.*”
Michael Mark Hatchell, Academy School District 20 Superintendent, has an estimated annual pension of $148,470*, based on his actual annual gross of $197,960, with an estimated lifetime payout of $4,751,040.*
“Colorado Springs City Attorney, Patricia K. Kelly, has a lifetime estimated payout of $4,416,871* with an estimated annual pension of $138,027*, based on her actual annual gross of $184,036.”
View pension amounts below:

“Colorado’s government pension systems are crushing middle class Coloradans. Replacing defined benefit pensions for all new government hires with social security and 401(k)s would eventually eliminate unfunded government pensions. Current government employees must consider a voluntary pension contribution of up to 10% more to preserve their pension benefits. Additionally, all members should pay for 50% of their healthcare premiums. We need a stable system that is fair to both taxpayers and beneficiaries or pension checks will stop coming,” added McNeilly.
*TUA submits FOIA requests for current employee salaries and estimates pensions based on the current pension laws, uses 32 years of retirement at 75% of the current salary (based on IRS form 590 LE of 85 and CO pension laws).

Denver Hides Stunning Government Pension Payments From Taxpayers

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DENVER—Taxpayers United of America (TUA) released estimated pension payouts for Denver municipal, Denver Schools, and Colorado State government employees. Colorado refuses to release actual government pensions, ignoring citizens’ right to review all payments funded by taxes. TUA calculated estimated pensions for government employees based on actual salaries of current government employees to shed light on the largess of the tightly guarded secret payouts.
“Colorado is the least transparent of the 17 states studied thus far, in our nationwide pension tour, attempting to hide even government employee salaries,” stated Rae Ann McNeilly, Director of Outreach for TUA.
“The cost of shielding the system from review, and ultimately, reform, is devastatingly high as cities around the country are buckling under the weight of their unfunded liabilities. Government pension funds are the number one budgetary problem in the country and Colorado is no different. Choices will have to be made between services we need today, and stunning pension payments.”
“The purpose of our study is to put some perspective around individual pensions, to put them in terms to which the average taxpayer can relate. Taxpayers need to know how much Colorado’s government retirees are being paid not to work and the astronomical accumulation of those payments over an average lifetime. 400 of the top government employees’ pension estimates being released today will each collect over $2.5 million to do absolutely nothing!”
“While residents across Colorado face crushing taxes, falling home values, high unemployment, and a very anemic economic recovery, government employees continue to receive stunning pensions funded by taxpayers who will never collect more than about $22,000 a year from Social Security.”
McNeilly continued, “For example, Lee Shockley, Denver Assoc. Dir. Tech Physician Svcs, stands to collect an estimated annual pension of $216,537* based on his actual annual gross of $288,716. His estimated lifetime pension payout could be a staggering $6,929,176.*”
Thomas Boasberg, Denver government school employee, has an estimated annual pension of $148,838*, based on his actual annual gross of $198,451, with an estimated lifetime payout of $4,762,822.*
“Colorado State employee, Robert K. Hammond, has a lifetime estimated payout of $5,400,000* with an estimated annual pension of $168,750*, based on his actual annual gross of $225,000.”
View pension amounts below:

“Colorado’s government pension systems are crushing middle class Coloradans. Replacing defined benefit pensions for all new government hires with social security and 401(k)s would eventually eliminate unfunded government pensions. Current government employees must consider a voluntary pension contribution of up to 10% more to preserve their pension benefits. Additionally, all members should pay for 50% of their healthcare premiums. We need a stable system that is fair to both taxpayers and beneficiaries or pension checks will stop coming,” added McNeilly.
*TUA submits FOIA requests for current employee salaries and estimates pensions based on the current pension laws, uses 32 years of retirement at 75% of the current salary (based on IRS form 590 LE of 85 and CO pension laws).

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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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