GROWING GOVERNMENT PENSIONS CHOKE-OUT SANGAMON TAXPAYERS

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Springfield, IL – “Government pensions are growing like weeds and, like weeds, are choking out the very taxpayers who fund them,” said Jim Tobin, economist and president of Taxpayers United of America (TUA).

“Springfield and Sangamon county taxpayers pay some of the highest property taxes in the country. Property taxes fund the Illinois Municipal Retirement Fund (IMRF) and by law the IMRF must be funded before any other bills can be paid. This means that taxes are funding those lavish, gold-plated pensions and leaving little for services needed today.”

“Sangamon County property taxes have increased 49% more than home values from 1996 to 2016. Taxes are literally stealing from the average taxpayers’ largest asset and retirement nest egg: the family home.”

“Springfield tax-raisers have recently hiked the telecom tax 25% and expanded the hotel tax as well as increasing the sales tax from 8.5% to 8.75%, and this hasn’t made a dent in the huge hole that these government pensions put in the budget.”

The remaining five state pension funds are subsidized with the Illinois state income tax. Some retirees from the State Employees Retirement System (SERS) and the IMRF also receive Social Security pensions. The current average Social Security pension is $18,036.

“True to form, Democrat Governor Jay Robert ‘J. B.’ Pritzker ignores the gorilla in the room: government pensions. Instead of addressing the number one financial problem in the state by placing a pension reform amendment on the ballot, he is fixed on gobbling up even more taxpayer wealth with an Income Theft Amendment instead.”

“Between the mass exodus of Illinois residents to more tax-friendly states and the huge loss of jobs and income from Pritzker’s Soviet-style lockdown, Illinois’ middle-class will virtually disappear.”

“It’s mathematically impossible for a huge income tax increase to solve the problem because the pension burden grows at 3% a year, and that is compounded for all but the IMRF pensions. Illinois is second only to New York in out-migration.”

“As a direct result of the Pritzker’s policies, Springfield and Sangamon County taxpayers are struggling without paychecks while nearly all government employees and all government retirees continue to collect fat paychecks. Here’s what some of the political elite are taking home:

Robert A. Alvey retired from Sangamon County government at the age of 60. His current annual pension is $159,357. With his 3% COLA, he will realize about $3,845,595 over a normal lifetime. His personal investment in that stunning payout is only about 2.7%. Mr. Alvey is also eligible for a social security pension.

Robert C. Hill, Springfield SD 186 retiree, has a current annual pension of $192,368. He retired at 55, and will collect about $5,292,983 in estimated lifetime pension payments. His personal investment in that rich payout is only 1%!

Harry Berman retired from University of Illinois Springfield and currently collects $187,679 a year from the State University Retirement System (SURS). His estimated lifetime payout is $4,037,246. He had to invest only $216,639 of his own money for that payout.”

“Illinois government employees work only 20.1 years on average in order to collect these unrealistic pensions. And for every dollar they deposit in their own pension fund, taxpayers are forced to fork over $4.74. Add to that a 3% COLA, compounded for all but IMRF, and it doesn’t take a genius to understand why Illinois’ government pensions are insolvent.”

Click Here to view top 200 Springfield and Sangamon County IMRF Pensions.

Click Here to view top 200 Springfield and Sangamon County TRS Pensions

Click Here to view top 200 Springfield and Sangamon County SURS Pensions

“Rather than put an Income Theft Amendment on the ballot, Pritzker should have pushed for a pension reform amendment, because these outrageous pensions are protected by the state constitution.,” said Tobin.

Peoria’s Perplexing Pension Problem: Taxpayers Can’t Afford What Pols Promised

Jim Tobin Peoria
Jim Tobin Peoria

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Peoria, IL – Taxpayers in Peoria City and County are crushed by taxes new and old. The county’s new public safety pension tax only increases the tax burden without solving the mounting pension cost to taxpayers.

“Peoria government bureaucrats do nothing to solve the pension problems facing its taxpayers,” said Jim Tobin, president of Taxpayers United of America (TUA). “Like all the other taxing bodies in Illinois, all 7,000 of them, Peoria continues to treat its taxpayers like an ATM. Rather than do away with some government jobs, eliminate redundancies, cut expenses, and lobby the state legislature to put a pension reform amendment on the ballot, they just demand taxpayers fork over more cash.”

“While the local pensions of the Illinois Municipal Retirement Fund (IMRF) are paid by property taxes, the remaining five state pension funds are paid primarily with the Illinois state income-tax.”

“In order to fund pensions of the 148,654 pensioners who will collect more than a million dollars in pension payments, Democrat Gov. Jay Robert ‘J. B.’ Pritzker is seeking to adopt a constitutional amendment that will allow a graduated income tax that ushers in massive state income-tax increases. And that 148,654 doesn’t even include pensions from the hundreds of police and fire funds or the Chicago pension funds.”

“Pritzker’s income theft amendment will be on the November 3, 2020 ballot. If passed, this taxpayer theft will hit small businesses and the middle-class the hardest. Between the mass exodus of Illinois residents to more tax friendly states and the huge loss of jobs and income from the Covid-19 pandemic, Illinois’ middle-class will virtually disappear.”

“As many of us have been struggling without a paycheck, or watching businesses disintegrate and in some cases, destroyed by rioters and looters, here’s what a few of the political elite in Peoria County collected without a concern of what is to come:

Kevin W. Lyons retired from Peoria County government at the age of 55. His current annual pension is $151,401, an increase of about $3,600 over last year. With his 3% COLA, he will receive about $4,593,916 over a normal lifetime. His personal investment in that stunning payout is only about 4.4%. He is also eligible for a social security pension.

Roger M. Bergia, Peoria Heights CUSD 325 retiree, has a current annual pension of $249,372. His raise this year was about $7,200 and he will collect about $2,484,295 in estimated lifetime pension payments.

Thomas Thomas retired from Illinois Central College and currently collects $231,819 a year from the State University Retirement System (SURS). That’s an increase of about $6,700 over last year. His estimated lifetime payout is $4,839,817. He had to invest only $148,054 of his own money for that payout.”

“Illinois government employees only work 20.1 years on average in order to collect these unrealistic pensions. And for every dollar they deposit in their own pension fund, taxpayers are forced to fork over $4.74. Add to that a 3% COLA, compounded for all but IMRF, and it doesn’t take a genius to understand why Illinois’ government pensions are insolvent.”

“Rather than put an income theft amendment on the ballot, Pritzker should have pushed for a pension reform amendment because these outrageous pensions are protected by the state constitution,” said Tobin.

Top 200 Peoria Pensions IMRF

Top 200 Peoria Pensions TRS

Top 200 Peoria Pensions SURS

Rockford Pensioners Collect Millions Amid Unemployment Crisis

Jim Tobin
Jim Tobin

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TUA in the News!
Story covered by CBS Channel 23 News Rockford.

Rockford- “Rockford area property taxes have been some of the highest in the country in recent years. Property taxes pay for the local government pensions and state law requires those pensions to be paid before any other commitments. No matter how many private sector workers lose their jobs, government retirees continue to collect their gold-plated pensions,” said Jim Tobin, economist and president of Taxpayers United of America (TUA).

“While the local pensions of the Illinois Municipal Retirement Fund (IMRF) are paid by property taxes, the remaining five state pension funds are subsidized with the Illinois state income-tax.” 

“In order to fund pensions of the 148,654 pensioners who will collect more than a million dollars in pension payments, Democrat Gov. Jay Robert ‘J. B.’Pritzkeris seeking to hoodwink voters into passing constitutional amendment that that ushers in massive state income-tax increases.”

“Pritzker’s incometheft amendment will be on the November 3, 2020 ballot. If passed, this taxpayer theftwill hit the middle-class the hardest. Between the mass exodus of Illinois residents to more tax-friendly states and the huge loss of jobs and income from Pritzker’s Soviet style lockdown, Illinois’ middle-class will virtually disappear.”

“As many of us have been struggling without a paycheck, or watching businesses disintegrate, here’s what a few of the political elite in Winnebago County collected without a concern of what is to come:

Alan S. Brown retired from Rockford SD205 at the age of 55. His current annual pension is $188,828, an increase of about $5,000 over last year. With his 3% compounded COLA, he will realize about $5,353,244 over a normal lifetime. His personal investment in that stunning payout is only about 3%.

Paul A. Logli retired from Winnebago County government with a current annual pension of $172,197. His raise this year was about $3,700 and he will collect about $4,966,168 in estimated lifetime pension payments. Paul is also eligible for a social security pension. 

Karl Jacobs, Rock Valley College retiree, collects $184,970 a year from the State University Retirement System (SURS). His estimated lifetime payout is $2,968,762. He only had to invest $159,281 of his own money in that payout.”

“Illinois government employees only work 20.1 years on average in order to collect these unrealistic pensions. And for every dollar they deposit in their own pension fund, taxpayers are forced to fork over $4.74. Add to that a 3% COLA, compounded for all but IMRF, and it doesn’t take a genius to understand why Illinois’ government pensions are insolvent.”

“Rather than put an income theft amendment on the November 3rd ballot, Pritzker should have pushed for a pension reform amendment because these outrageous pensions are protected by the state constitution. 

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