Cities 92.9 Newsroom | Complete Pension Overhaul on The Morning Rush

Jim Tobin, President of Taxpayers United for America, talked to Robert Rees, host of The Morning Rush on Cities Talk FM 92.9, to discuss TUA’s pension study on Bloomington-Normal, Illinois. To listen, click on the audio player below.
[audio:http://podcast.cities929.com/wrpw2/3858148.mp3|titles=Jim Tobin on Cities 92.9FM] (CITIES 92.9 NEWSROOM)-Taxpayers United of America is an organization that tries to fight against tax increases and wasteful spending. President Jim Tobin will be at a news conference at 11am to announce the names and pensions of retired government workers in McLean County. The purpose, Tobin says, of these announcements is to highlight the huge gap between most Americans who work in the private sector and make far too little money and retire on nothing but under an $15,000 Social Security check and some government workers retire on a six figure pension with millions headed their way over their lifetime.
According to Tobin, Illinois is by far the worst when it comes to pensions and the system needs a drastic and COMPLETE overhaul. Employees contribute 10% more, healthcare contributions at 50%, raising the retirement age to 67 are among the many changes needed because Tobin says it’s impossible for us to tax our way out of this.