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Springfield IL Taxpayers Crushed by Gov. Pension Debt

Springfield Illinois TUA

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Springfield, IL – Taxpayer Education Foundation (TEF) today released its updated study on Springfield municipal pensions, Sangamon County government pensions, including the top 200 pensions in the Teachers Retirement System (TRS), Illinois Municipal Retirement Fund (IMRF), and the State University Retirement System (SURS). Taxpayers United of America (TUA) issued the following statement based on the TEF pension study:  

“Springfield taxpayers deserve better from their government. Just in the last year, they have approved a 3.3% property tax increase to throw more money at SD 186 and a new county-wide new sales tax of 1% that would be used for school building repairs and improvements,” stated Jim Tobin, president of TUA.

  “Every ‘new tax’ opens another door for increased theft of taxpayer wealth. Just watch what happens to that inconsequential 1% sales tax. This little 1% now puts parts of Springfield in the position of highest local sales tax in the country at 10.75%. Yes, the highest in the USA! Chicago used to hold that title but it’s not really a contest you want to win,” quipped Tobin.  

“The IMRF pension fund, which gives lavish, gold-plated pension benefits to retired municipal employees, is funded by property taxes. $903 million in property taxes have been shoveled into this fund to keep it afloat.”  

· Click here to see the top 200 Springfield area TRS pensions.

· Click here to see the top 200 Springfield area municipal, and Sangamon County IMRF pensions

· Click here to see the top Springfield area SURS pensions   “The entire local and statewide pension system in Illinois is unsustainable. The other five statewide pension funds are funded by the state income tax. Democrat Governor Jay Robert ‘J. B.’ Pritzker and his tax-raising cronies want to stick it to middle class taxpayers by increasing the income tax under the guise of a ‘more fair’ graduated income tax, so they can make it through the next election cycle. When the state goes under, they will be enjoying their retirements in Arizona or Florida.”

“Middle-class Springfield taxpayers will be decimated by the Pritzker income-tax hike if it passes. There is nothing fair about his ‘fair tax’ that will, by design, siphon even more wealth out of the pockets of the middle-class. And his tax increases won’t stop there as we’ve seen with Pritzker’s gargantuan gasoline tax-hike.”  

“When you look at what individual government retirees are actually collecting in taxpayer funded pensions, you can get a better idea why this theft of taxpayer wealth is so egregious. Keep in mind that the average taxpayer will collect only about $17,500 a year from Social Security, and that IMRF pensioners are also eligible for a Social Security pension.”  

Diane K. Rutledge retired from Springfield SD 186 at the age of 56. Her current annual pension is $187,048. She will collect an estimated $5,854,673 over a normal lifetime.  

Theodore B. Flickinger is collecting an annual pension of $271,579. He retired from the Illinois Association of Park Districts and will collect an estimated $4,667,184 in IMRF pension payments over a normal lifetime. He paid into IMRF only $229,232. Theodore is also eligible for a social security pension.  

Yunus Kathawala retired from University of Illinois – Springfield with a current annual pension of $197,737, Yunus will collect about $4,909,457 in SURS payments over a normal lifetime.  

Illinois is functionally bankrupt, and the cause is runaway government employee pensions with unfunded liabilities so huge that it is mathematically impossible for the state to tax their way out of this financial black hole.  

“All Illinois government new hires should be placed in a 401(k) style retirement savings account, beginning immediately, and the retirement age should be increased to 65. These measures would at least slow the bleeding until comprehensive pension reform can be enacted.”

GREEDY TEACHERS UNION WANTS MORE THAN OVERLY-GENEROUS CONTRACT OFFERS

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CHICAGO—It is appalling that the Chicago Teachers Union (CTU) is considering going on strike despite the fact that the city is offering the teachers much more than they are worth, according to Jim Tobin, president of Taxpayers United of Illinois (TUA).

“The starting salary of Chicago teachers is an amazingly-generous $52,958 according to published reports. In the private sector, how many entry-level jobs command such a salary?”

“Now the union is rejecting a raise of 16% over five years. The average teacher would get a raise of 24% over the life of the contract, based on years of service. Apparently that’s not enough for the union.”

“Most teachers outside Chicago pay 9% toward their pensions, but Chicago teachers would contribute only 2% of their pay. Taxpayers would be stuck with the remaining 7%.”

“Incredibly, the CTU wants more. Taxpayers should be reminded that Chicago teachers, like most government-school teachers, work only about 9 months a year for their annual salaries. While working-stiffs in the private sector are happy to get 2 or 3 weeks paid vacation a year, teachers are free to travel around the world during their 3 months annual vacation.”

“Taxpayers in Chicago are being devoured by high sales and property taxes. In the meantime, the City of Chicago itself is functionally bankrupt. The city is on the verge of collapse, and the CTU is hastening this process with its preposterous demands.”

TAXPAYERS SUPPORT REPEAL OF MOTOR FUEL TAX PROPOSED BY ST. REP. ALLEN SKILLICORN

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CHICAGO—Taxpayers United of America (TUA) enthusiastically supports the proposal of St. Rep. Allen Skillicorn (R-66, Crystal Lake) to repeal the current gasoline tax hike and infrastructure improvement bill, said Jim Tobin, president of TUA.

“I agree that legislators should start over in light of the FBI investigation into Sen. Martin Sandoval (D-11, Cicero), the architect of the recent massive gas tax increase and corrupt enabler of House Speaker Michael J. Madigan (D-22, Chicago).”

Sen. Sandoval shares political turf with disgraced Chicago Alderman Ed Burke and House Speaker Madigan.

“Federal investigators raided Sen. Sandoval’s house and offices, and there are questions about potential kickbacks. We have no assurances that anything about his bill was above board.”

The $45 billion spending plan calls for $20.6 billion in new borrowing and tax increases, including doubling the motor fuel tax. According to the Civic Federation, the Capital plan signed into law showed “no evidence of comprehensive planning to prioritize projects.”

“I agree with Rep. Skillicorn that the legislature should repeal it and draft clean legislation to provide taxpayers with a guarantee that their hard-earned dollars are not going to pad the pockets of connected insiders.”

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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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