Pension Reform

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.

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Top 50 GA Pensions Reveal Million Dollar Payouts As Tax Increase Looms

CHICAGO–Jim Tobin, President of National Taxpayers United of Illinois (NTUI), today released the latest pension study of pension researcher Bill Zettler: the Top Fifty pensions received by former members of the Illinois General Assembly.

“Governor Quinn and the lame duck General Assembly are desperate to increase tax revenues any way they can to ensure that these outrageous, lavish pensions are available to themselves when they retire.Under the current pension program, General Assembly members are guaranteed to be millionaires if they can collect for only eight to ten years.Protecting this rite of passage has become their highest priority, despite the terrible financial situation in which most Illinoisans find themselves.Under the guise of securing the financial future of the Illinois general fund, Quinn and his conspirators are trying to push any tax increases that they can.”

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Lavish Pensions Of Suburban Cook County Retired Government Employees Far Exceed Wages Of Workers In Private Sector

OAK PARK–A new report by pension researcher Bill Zettler reveals that Suburban Cook County’s retired government employees receive lavish, gold-plated pensions that far exceed actual wages of workers in the private sector.

“These government-employee pensions are bankrupting the state pension funds,” said Jim Tobin, President of National Taxpayers United of Illinois (NTUI). “That’s the real reason Gov. Patrick Quinn (D) wants to raise the state personal income tax up to 66%. He wants to pump taxpayer dollars into the state’s floundering pension programs.”

Val Vimnicki at our Oak Park press conference on December 20, 2010

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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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