Kentucky

Herald-Leader (Associated Press) | Taxpayer group wants openness in pension system

TUA’s call for Kentucky Gov. Steve Beshear to release pension data was featured in this article on the Herald-Leader.

The Associated Press Posted: 11:13am on Dec 19, 2011
FRANKFORT, Ky. — Taxpayers United of America has asked Gov. Steve Beshear to let Kentuckians know how large some of the pensions are that state government retirees are receiving.
The group’s vice president, Christina Tobin, delivered a letter to Beshear’s office on Monday urging him to disclose pension payments being made to the retirees.
Tobin said her group calculated pension payments for many of the state’s highest paid employees and found that many could be pulling down more than $100,000 a year in retirement.
Tobin said Kentuckians have a right to know how much money retirees are getting. She said Kentucky is one of the nation’s most secretive states when it comes to pension payments to retirees, even though some could draw more than $1 million dollars over the course of their retirements.

Note To Kentucky: Top Lexington Pension Estimates Released

Click here to view this release as a PDF
LEXINGTON–A report released today by Taxpayers United of America (TUA) reveals that Lexington and Lexington-Fayette 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.
Click below to view the pension information:

“While Lexington-Fayette County taxpayers struggle through this recession with an average wage of $42,000, a median home value of $155,100 and 7.2% unemployment, government employees really rake it in while they are employed and then when retired,” said Christina Tobin, TUA Vice President.
“Starting first with the top 100 salaries and estimated pensions (2010) for Lexington City and Fayette County employees, heading the list is Fire Major Glendon Carlton, whose annual gross wages were $186,560. When he retires, he will receive an estimated annual pension of $123,130. Carlton’s estimated total pension payout over a normal lifetime is $4,925,196.”* (Read more…)

Note To Kentucky: Top Frankfort And Kentucky Pension Estimates Released

Click here to view release as a PDF
Frankfort–A report released today by Taxpayers United of America (TUA) reveals that Frankfort, Franklin County and Kentucky State 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.
Click below to view the pension information:

“While Franklin County taxpayers struggle through this recession with an average wage of $39,000, a median home value of $133,000 and 7.6% unemployment, government employees really rake it in while they are employed and then when retired,” said Christina Tobin, TUA Vice President. (Read more…)

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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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