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CHICAGO – Yesterday, Taxpayers United of America (TUA) released the results of a new study of more than twelve thousand Chicago Police and Fire Department pensions.
“There are thousands of retired Chicago police and firefighters receiving lavish pension payments, each exceeding the cost of hiring nearly three new employees for either department,” said Jim Tobin, president of TUA.
“Taxpayers are compensating police and firefighters for more years of retirement than years of actual employment; the pension system as currently structured is unsustainable.”
The press conference was covered by three Chicago television stations and Crain’s Chicago Business.
· Click here for yesterday’s CPD and CFD pension news release
· Click here to see the complete list of 9,192 CPD pensions
· Click here to see the complete list of 2, 822 CFD pensions
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By on January 15, 2015   /   Chicago, Illinois Press, Items of Interest, Latest, News Releases, Press  
1 Comment
  1. Anon
    10:51 am on January 27, 2015

    If you people really think we are all living a lavish lifestyle, come live with me. You don’t take into account that the mandatory retirement age was changed after hundreds of officers were hired thus dropping our chance of collecting full pensions. Some of us are receiving less than 52% and not allowed to collect full social security! Lavish lifestyle, my ass, unless your the first name on the list