Illinois

Retired CPS Teachers Getting Huge Pensions From Small Contributions

Click here to view Chicago Teacher’s Top 100 Pension Payouts To Date.
CHICAGO — A list released by Taxpayers United of America (TUA) of the Top 100 pensions of retired Chicago Public School teachers shows that many of these retired teachers have already collected huge amounts of cash compared with their relatively small employee contributions, according to the President of TUA.
“A small pension contribution of $126,000 mushroomed into millions of dollars for one retiree, and the payout is still growing at taxpayer expense,” said Jim Tobin, TUA President.
“In Chicago, property taxes pay for both public school salaries and generous pensions. The biggest portion of homeowners’ property tax bills is for public schools, and 80% of these property tax dollars goes for salaries and pensions.”
“Manford Byrd, who has contributed only $126,561 to his retirement plan, already has collected an estimated total pension payout of $2,580,793.”
“Robert Saddler, who has contributed only $108,335 to his retirement plan, already has collected an estimated total pension payout of $2,063,207.”
“The broken pension system must be reformed. Ending pensions for all new government hires will eventually eliminate unfunded government pensions; putting new government hires into social security and 401(k)s would achieve this.”
“One possible solution to this problem is to require each government employee in the Chicago teachers pension fund to contribute an additional 10% toward his or her pension. This would provide taxpayers billions of dollars in property tax relief.”
For further information on this issue, click here to view another recent and related story.
Click here to view this news release as a PDF.

Proposed Chicago Traffic Speed Cameras To Protect Government Employee Pensions, Not Children

Chicago–The plan by the City of Chicago to install automated speed cameras in locations covering nearly half the city have nothing to do with protecting school children, but, rather, will be used to protect and bolster the lavish, gold-plated pensions of retired city government employees, according to the president of Taxpayers United of Illinois (TUA).
Click here to view the Senate Votes on SB965
“On Wednesday, the State Senate approved this expansion of cameras in Chicago by a 32-24 vote, and now the legislation goes to the State House,” said Jim Tobin, TUA President. “Senate President John Cullerton (D-6, Chicago) helped his Democratic buddy, Chicago Mayor Rahm Emanuel (D), by pushing this legislation through the Senate, and now Chicago Machine Boss and House Speaker Michael Madigan (D-22, Chicago) will attempt to shepherd SB965 through the Illinois House.”
Click here to hear Jim Tobin being interviewed by WBBM Newsradio’s John Cody
“This expansion of speed cameras has nothing to do with protecting school children,” said Tobin. “If the purpose were school safety, then the automatic speed cameras would be limited to school speed zones and cover no more than 10 percent of city streets. This is a blatant, cynical attempt to pour millions of dollars into city coffers at the expense of Chicago drivers to benefit greedy bureaucrats and city employees.”
Click here to view the Top 100 Chicago Police Pensions
“I urge Chicago Taxpayers to contact their State Representatives and urge them to vote against SB965 passed by the Illinois Senate.”
Click here to view this News Release as a PDF.
 

Govt. School Employees and Retirees of Macon County Revel at Taxpayer Expense

Click here to view Macon County’s top government teacher pensions.
Click here to view Macon County’s top university employee pensions.
Click here to view Macon County’s top IMRF pensions.
DECATUR–A new report by Taxpayers United of America (TUA) reveals that many government school employees and retirees of Macon County, Illinois receive lavish, gold-plated salaries and pensions that far exceed average annual wages of workers in the private sector.
“These outrageous government-employee pensions are bankrupting the state,” said Jim Tobin, TUA President. “Springfield House and Senate Democrats just temporarily raised the state personal income tax 67%, all $6.4 billion taxpayer dollars of which is being used to fund the state’s lavish retired government employee pension programs.” Read more

BLOG POSTS

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.

ADDRESS

Chicago, IL 60606 205 W. Randolph Street, Suite 1305
Phone: (312) 427-5128
Fax: (312) 427-5139
Website: https://taxpayersunitedofamerica.org
Email: info@taxpayersunited.org

Donate