Pension Reform

Reboot Illinois|Top 25 legislators receiving the biggest Illinois pensions

Taxpayers United of America’s recent data release of an updated list of lawmaker pensions in the General Assembly Retirement System was used by Reboot Illinois.


Which retired state lawmakers have the biggest Illinois pensions?
Taxpayers United of America, an organization that advocates for tax relief and “fighting government pensions,” has released an updated list of lawmaker pensions in the General Assembly Retirement System.
At the end of fiscal year 2015, the pension fund had a funded ratio of 16.4 percent — the lowest of the state’s five retirement systems — and $278.8 million in unfunded liabilities. Here are some more fast facts from the 2015 comprehensive annual financial report:
Average member salary: $89,241
Active members: 145
Active retirees: 309
Total active beneficiaries (including survivors): 424
Required employee contribution rate: 11.5 percent
Participant contributions: $1.49 million
Employer contributions: $15.87 million
Total participant contributions as percent of total contributions revenue: 8.6 percent
Average age at retirement: 60
Average pension: $58,644
Average length of service: 13.4 years
Following is a list of the Top 25 legislators who are receiving the biggest annual pension payouts as of Jan. 27, 2016.
*TUA’s calculation for estimated lifetime pension payout assumes a life expectancy of 85 (IRS Form 590) and the 3 percent compounded cost-of-living adjustment.

25. Rep. Ralph Capparelli (D-Chicago)

Ralph-Capparelli
Annual Pension: $123,282
Member Contributions: $160,576
Age at Retirement: 80
Pension Collected to Date: $1.13 million
Estimated Lifetime Pension Payout: $1.13 million*
Percent Contributed to Lifetime Payout: 14.2%

24. Rep. Arthur L. Turner (D-Chicago)

Arthur-L.-Turner
Annual Pension: $123,420
Member Contributions: $189,941
Age at Retirement: 60
Pension Collected to Date: $563,976
Estimated Lifetime Pension Payout: $3.66 million*
Percent Contributed to Lifetime Payout: 5.2%

23. Rep. Chuck Hartke, director, Illinois Department of Agriculture (D-Teutopolis)

Chuck-Hartke-21
Annual Pension: $123,432
Member Contributions: $112,308
Age at Retirement: 63
Pension Collected to Date: $874,473
Estimated Lifetime Pension Payout: $2.98 million*
Percent Contributed to Lifetime Payout: 3.8%

22. Rep. William T. Ryder (R-Jerseyville)

William-T.-Ryder
Annual Pension: $123,930
Member Contributions: $138,330
Age at Retirement: 55
Pension Collected to Date: $1.25 million
Estimated Lifetime Pension Payout: $4.15 million*
Percent Contributed to Lifetime Payout: 3.3%

21. Rep. Kurt Granberg (D-Carlyle)

Kurt-Granberg
Annual Pension: $125,738
Member Contributions: $121,757
Age at Retirement: 55
Pension Collected to Date: $800,358
Estimated Lifetime Pension Payout: $4.88 million*
Percent Contributed to Lifetime Payout: 2.5%

20. Rep. Samuel McGrew (D-Galesburg)

Sam-McGrew

Source: SlidePlayer
Annual Pension: $127,992
Member Contributions: $76,963
Age at Retirement: 55
Pension Collected to Date: $1.53 million
Estimated Lifetime Pension Payout: $3.92 million*
Percent Contributed to Lifetime Payout: 2.0%

19. Rep. Lee Daniels, former House Speaker from 1995-1997 (R-Elmhurst)

Lee-Daniels
Annual Pension: $128,161
Member Contributions: $181,640
Age at Retirement: 64
Pension Collected to Date: $988,156
Estimated Lifetime Pension Payout: $2.81 million*
Percent Contributed to Lifetime Payout: 6.5%

18. Rep. Robert Molaro (D-Chicago)

Robert-Molaro
Annual Pension: $129,924
Member Contributions: $109,860
Age at Retirement: 58
Pension Collected to Date: $818,708
Estimated Lifetime Pension Payout: $4.31 million*
Percent Contributed to Lifetime Payout: 2.5%

17. Sen. Timothy Degnan, former adviser to Richard M. Daley (D-Chicago)

Tim-Degnan
Annual Pension: $130,014
Member Contributions: $85,291
Age at Retirement: 55
Pension Collected to Date: $2.0 million
Estimated Lifetime Pension Payout: $3.32 million*
Percent Contributed to Lifetime Payout: 2.6%

16. Sen. Richard M. Daley, former Cook County state’s attorney and mayor of Chicago (D-Chicago)

Richard-M.-Daley
Annual Pension: $132,393
Member Contributions: $88,434
Age at Retirement: 69
Pension Collected to Date: $583,892
Estimated Lifetime Pension Payout: $2.28 million*
Percent Contributed to Lifetime Payout: 3.9%

15. Sen. Doris Karpiel (R-Carol Stream)

Doris-Karpiel
Annual Pension: $132,428
Member Contributions: $95,999
Age at Retirement: 68
Pension Collected to Date: $1.32 million
Estimated Lifetime Pension Payout: $2.02 million*
Percent Contributed to Lifetime Payout: 4.7%

14. Sen. Dan Rutherford, former state treasurer (R-Chenoa)

Dan-Rutherford
Annual Pension: $132,616
Member Contributions: $173,209
Age at Retirement: 59
Pension Collected to Date: $122,650
Estimated Lifetime Pension Payout: $4.96 million*
Percent Contributed to Lifetime Payout: 3.5%

13. Gov. Pat Quinn (D)

Pat-Quinn-top-e1413566630981
Annual Pension: $133,168
Member Contributions: $197,925
Age at Retirement: 66
Pension Collected to Date: $136,216
Estimated Lifetime Pension Payout: $3.25 million*
Percent Contributed to Lifetime Payout: 6.1%

12. Sen. Carl Hawkinson (R-Galesburg)

Carol-Hawkinson
Annual Pension: $135,366
Member Contributions: $136,036
Age at Retirement: 58
Pension Collected to Date: $1.16 million
Estimated Lifetime Pension Payout: $4.11 million*
Percent Contributed to Lifetime Payout: 3.3%

11. Rep. Thomas Homer (D-Canton)

Thomas-Homer
Annual Pension: $137,276
Member Contributions: $78,093
Age at Retirement: 55
Pension Collected to Date: $1.47 million
Estimated Lifetime Pension Payout: $4.24 million*
Percent Contributed to Lifetime Payout: 1.8%

10. Sen. Emil Jones, Jr. (D-Chicago)

Emil-Jones-Jr
Annual Pension: $146,073
Member Contributions: $206,924
Age at Retirement: 73
Pension Collected to Date: $884,497
Estimated Lifetime Pension Payout: $1.66 million*
Percent Contributed to Lifetime Payout: 12.5%

9. Sen. James “Pate” Philip (R-Addison)

James-Philip
Annual Pension: $146,782
Member Contributions: $330,125
Age at Retirement: 72
Pension Collected to Date: $1.52 million
Estimated Lifetime Pension Payout: $1.52 million*
Percent Contributed to Lifetime Payout: 21.7%

8. Gov. James Thompson (R)

James-Thompson
Annual Pension: $147,477
Member Contributions: $84,996
Age at Retirement: 55
Pension Collected to Date: $2.59 million
Estimated Lifetime Pension Payout: $3.38 million*
Percent Contributed to Lifetime Payout: 2.5%

7. Roland Burris, former Illinois attorney general, comptroller and U.S. senator (D)

Roland-Burris
Annual Pension: $149,734
Member Contributions: $134,680
Age at Retirement: 57
Pension Collected to Date: $2.31 million
Estimated Lifetime Pension Payout: $3.46 million*
Percent Contributed to Lifetime Payout: 3.9%

6. Rep. Gary Hannig (D-Litchfield)

Gary-Hannig
Annual Pension: $150,967
Member Contributions: $176,273
Age at Retirement: 58
Pension Collected to Date: $628,808
Estimated Lifetime Pension Payout: $5.24 million*
Percent Contributed to Lifetime Payout: 3.4%

5. Gov. Jim Edgar (R)

Jim-Edgar-e1396902996587
Annual Pension: $156,331
Member Contributions: $164,657
Age at Retirement: 55
Pension Collected to Date: $1.85 million
Estimated Lifetime Pension Payout: $4.75 million*
Percent Contributed to Lifetime Payout: 3.5%

4. Sen. John Friedland (R-South Elgin)

John-Friedland1
Annual Pension: $163,051
Member Contributions: $66,716
Age at Retirement: 55
Pension Collected to Date: $2.64 million
Estimated Lifetime Pension Payout: $3.89 million*
Percent Contributed to Lifetime Payout: 1.7%

3. Rep. Judy Erwin (D-Chicago)

Judy-Erwin
Judy Erwin
Annual Pension: $164,010
Member Contributions: $238,038
Age at Retirement: 60
Pension Collected to Date: $818,027
Estimated Lifetime Pension Payout: $4.94 million*
Percent Contributed to Lifetime Payout: 4.8%

2. Sen. Edward Petka (R-Plainfield)

Edward-Petka
Annual Pension: $186,968
Member Contributions: $171,449
Age at Retirement: 66
Pension Collected to Date: $1.03 million
Estimated Lifetime Pension Payout: $3.68 million*
Percent Contributed to Lifetime Payout: 4.7%

1. Sen. Arthur L. Berman (D-Chicago)

Arthur-Berman-2
Annual Pension: $235,829
Member Contributions: $109,293
Age at Retirement: 66
Pension Collected to Date: $2.68 million
Estimated Lifetime Pension Payout: $3.67 million*
Percent Contributed to Lifetime Payout: 3.0%
You can see Taxpayers United of America’s complete list and analysis here.

WCMY|Watchdog group lists pension payouts to former lawmakers

TUA president and founder, Jim Tobin, was quoted by WCMY radio , about the recent Illinois General Assembly Retirees’ pension release.


Chicago — Taxpayers United of America says the Illinois legislature’s generous pensions have a lot do with why the state is broke. The organization announced Tuesday, its analysis of pension contributions and payouts shows the average former lawmaker has paid in less than $53,000 but will get about $1.3 million back in retirement. The organization says the General Assembly system is not about poor civil servants and fairness.
Among the local examples on the group’s list:

  • Former St. Rep. Peg Breslin who later served as an appellate court judge paid in $60,000 and gets almost twice that every year for a pension. She has received $1.2 million so far.
  • Former St. Rep. Pat Welch paid in $129,000 and has been paid $810,000 so far on his way to a projected $2.8 million.
  • Former St. Rep. Tom Walsh, now a LaSalle County Board member put in $91,000 and has received nearly $1 million so far.
  • Dennis Hastert, who went on to serve in the U.S. House including a period as the House Speaker, paid in just $19,000 to get $28,000 per year and $413,000 so far.
  • Former St. Sen. Gary Dahl paid in just under $50,000 and has received $115,000 so far.

Excerpted data from TUA’s list released Tuesday.

Illinois General Assembly retirees’ pensions as of January 27, 2016
reported by Taxpayers United of America
Projections assume life expectancy of 85 and 3% cost of living adjustment compounded annually
Name Current Annual Pension Member Contributions to Pension Fund Age at Retirement Total Pension Collected to Date Estimated Lifetime Pension Payout Employee Contribution % of Estimated Lifetime Payout
Peg M. Breslin  $ 112,754  $  60,556 56  $ 1,220,719.79  $ 3,317,816 1.8%
Patrick D. Welch  $  85,533  $ 129,138 56  $  810,456.80  $ 2,813,172 4.6%
Tom P. Walsh  $  59,099  $  91,139 55  $  994,563.35  $ 1,447,408 6.3%
J. Dennis Hastert  $  28,026  $  19,806 55  $  413,518.22  $  772,468 2.6%
Gary G. Dahl  $  24,465  $  49,965 70  $  115,274.13  $  363,819 13.7%

 

IL Gov. Rauner Strikes at the Root of Evil in Second Budget Address

View as PDF  Chicago—Illinois Gov. Bruce Rauner delivered his second budget address before the General Assembly today, giving the first-term Republican another prominent opportunity to outline his plans for resolving Illinois’ protracted budget impasse by implementing structural reforms to the state government.
Taxpayers United of America’s (TUA) director of operations, Jared Labell, said that “Rauner is correctly imploring the Illinois General Assembly to immediately pass a balanced budget for the good of all Illinois residents and taxpayers.”
“Gov. Rauner’s address lacked the flowery campaign rhetoric from just one year ago, due in large part to the severity of the financial catastrophe the state is currently facing, and after decades of predictable governmental mismanagement. Rauner is absolutely right in his assessment that the only fiscally sound path forward for Illinois is for the legislature to pass economic and governmental reforms, while negotiating spending reductions and revenue concerns,” said Labell.
“Rauner must also be praised for standing firm and allowing the Illinois state income tax to fall by twenty-five percent when he first took office in January 2015, sunsetting a portion of the 2011 sixty-seven percent income tax hike imposed by former governor – and incessant political hack – Pat Quinn (D),” said Labell. “The state income tax is an economically crippling juggernaut and we are glad to hear that Rauner is not considering hiking it now or supporting a new state income tax on retirement income at this time.”
“I won’t support new revenue unless we have major structural reforms to grow more jobs and get more value for taxpayers. I’m insisting that we attack the root causes of our dismal economic performance,” Rauner remarked early in his budget address. He explained further, “Those are the dynamics.”
“That leaves us with only two choices: either you give the executive branch the authority to cut spending to live within our revenues. Or, we agree – together – on economic and governmental reforms, to accompany a negotiated balance of spending reductions and revenue that ensures that Illinois can be both compassionate and competitive. You choose. But please, choose now,” added Rauner.
“Attacking the root of Illinois’ atrocious economic reality is right on target. Taxpayers United of America will provide further analysis of the proposed budget, and the certain ongoing battle in the Illinois General Assembly, in the coming days and weeks,” said Labell. “Rauner makes a point that is reminiscent of a passage from Henry David Thoreau’s Walden, which taxpayers would be wise to emulate. ‘There are a thousand hacking at the branches of evil to one who is striking at the root.’”
“It is our duty, as long as we must toil under this government, to stand up for our lives, liberty, and property, ensuring that the government does not grow to be destructive of those ends. This is a start, but the fight is far from over,” concluded Labell.
 

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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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