Pension Reform

Retired Chicago Police and Firemen Getting Rich From Locally Funded Pensions (Revised)

CHICAGO— Retired Chicago police and firemen receive lavish, gold-plated pensions, and, according to Jim Tobin, President of the Illinois Taxpayer Education Foundation (ITEF), the reason Governor Patrick Quinn signed Senate Bill 3538, the $500,000,000 Chicago property tax increase, is to pump more taxpayer dollars into extravagant city pensions. The bill also forces local governments to raise property taxes statewide to fund local pensions, instead of requiring real pension reforms.
“I acknowledge that firemen and police have high-risk jobs,” said Tobin, “but that is no reason to force taxpayers to fund pensions that are making pension millionaires of many of these retirees.”

Jim Tobin announces the top pensions for Chicago's Police and Firemen to WGN TV, FoxTV Chicago, and ABC TV 7 at a News Conference held at the ITEF office Tuesday, February 8.

Read more

$500 Million Property Tax Increase Unnecessary to Pay Lavish, Gold-Plated, Government Pensions of Chicago Retirees

CHICAGO—Chicago’s retired government employees receive lavish, gold-plated pensions, and, according to Jim Tobin, President of the Illinois Taxpayer Education Foundation (ITEF), the real reason Governor Quinn signed the $500,000,000 Chicago property tax increase is to pump more taxpayer dollars into the extravagant pensions of these retired Chicago government employees.
“Those receiving the largest annual pensions are retired Metropolitan Water Reclamation District (MWRD) employees, whose average pension is $57,600!” said Tobin. Of the 1,601 pensioners in the MWRD fund, the largest annual pension went to Osoth Jamjun, whose annual pension was $181,392 — $15,116 a month. Joseph P Sobanski, not only received an annual pension of $180,855, but his last salary while working for the MWRD was an extravagant $229,320.”
Read more

Most of 67% State Income Tax Increase To Go Into Lavish, Gold-Plated Government Pensions

OTTAWA–LaSalle County-area retired government employees receive lavish, gold-plated pensions, and, according to Jim Tobin, Chairman of the Illinois Taxpayer Education Foundation (ITEF), the real reason Springfield politicians passed the 67% state income tax increase is to pump more taxpayer dollars into the floundering pension plans of retired government employees, including those from LaSalle County.
“Those receiving the largest annual pensions are retired government-school educators,” said Tobin, “and the state income tax increase pumps even more tax dollars into these pension funds. LaSalle County’s retired public school teachers in the Teachers Retirement System (TRS) are really raking it in. The largest annual TRS pension went to James C. Bagley, formerly of Peru Elementary SD 124, whose annual pension is $122,491 — $10,208 a month. Charles E. Hager, formerly of Streator TWP HSD 40, not only received an annual pension of $86,219, but already has collected $1,810,595 in pension payments.”

Jim Tobin speaks to the Ottawa press at the historic Reddick Mansion on January 25, 2011. In 1858, the Reddick Mansion was where the Lincoln-Douglas debate took place.

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