Posts Tagged Taxpayers United of America

Kane County Taxpayers Burdened By Lavish Government Pensions

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GENEVA, IL – “Taxpayer Education Foundation (TEF) released today its updated study on Kane County area government-employee pensions. The study includes pensioners from the Teachers Retirement System (TRS), the State University Retirement System (SURS), as well as pensioners in the Illinois Municipal Retirement Fund (IMRF).”

“Kane County taxpayers are much smarter than the government bureaucrats who tyrannically tax them,” said Val Zimnicki, TUA Director of Outreach. “Rather than cut spending, these government bureaucrats only have one solution, and that is just to keep increasing taxes.”

“It is no mystery what is driving economy-killing property taxes increases in this county. One word: pensions. IMRF pensions are funded with property taxes, and state law requires that the IMRF pension bill is paid before all other bills. Taxpayers currently pay $3 in property taxes for every $1 that IMRF members pay into their own retirement fund. Their property taxes have nothing to do with roads, services, or children. Who receives these benefits? The privileged government class.”

“The average social security recipient gets about $17,500 a year. IMRF pensioners can also receive social security.”

“Jack Barshinger retired from the teachers union at age 59. His current annual pension is $258,825. His lifetime expected payout will be $8,269,596.”

“Nick Mavros retired at age 56. His annual SURS pension of $164,171 will accumulate to a total of $4,680,872.”

“Another gold-plated pensioner is Larry Maholland, who was employed by the city of St. Charles. He retired at the ripe old age of 59 and receives $147,218 per year from his IMRF pension. His estimated lifetime payout is $1,757,705.”

Click HERE to view top 250 Kane County government pensions.

“The entire local and statewide pension system in Illinois is unsustainable. While property taxes fund the IMRF, the other 5 statewide pension funds are funded by the state income tax. Governor Jay Robert ‘J. B.’ Pritzker and his tax-raising bureaucrat cronies will try to stick it to the middle class by increasing the state income tax under the guise of a fairer graduated income tax. There is nothing fair about this tax. If it passes, legislators will take away power from Illinois citizens and give it to the tax raisers. When the state goes under, the tax raisers will be long gone.”

“Illinois is functionally bankrupt, and the cause is runaway government employee pensions with unfunded liabilities so huge that it is mathematically impossible for the state and its municipalities to tax their way out of this financial black hole.”

“Wirepoints states that Illinois is the nation’s extreme outlier when it comes to pension shortfalls. The state has a $241 billion shortfall in its five state-run pension funds, according to Moody’s. Illinois’ pension spending equals 28 percent of the state’s GDP.”

“All Illinois government new hires should be placed in 401(k) style retirement savings accounts beginning immediately, and the retirement age should be raised to 67,” said Zimnicki.

“The long-term solution to Illinois’ fiscal woes is for the state to formally declare bankruptcy. This would have to be authorized by Congress, and I believe Congress would do so.”

“While we’re waiting for this necessary measure, the state of Illinois can help its citizens by passing a law to enable any local government to declare bankruptcy. Springfield should also cut state taxes to stimulate its sluggish economy.”

Taxpayers at LiberTEA Fest 2019



Taxpayers were in Galesburg Saturday, September 7, 2019 for the wonderful IL LiberTEA Fest 2019. Jim Tobin, President of TUA gave a speech exposing the Illinois government pension scam. Local taxpayers were amazed at just how much former government employees were receiving. For example: Ronald L. Cope, who retired at the age of 56 receives an annual taxpayer funded pension of $142,268 a year! Ronald, and many other goons were listed on a flyer handed out to the crowd. These flyers were so popular they ran out.

Jim Tobin will be visiting another city to release even more government pension data soon. Will it be your city? Stay tuned!

Click HERE to view top Galesburg Govt. Pensions as a PDF.

Champaign Government Pensions Take Huge Bite out of Taxpayers

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Champaign, IL – Taxpayers United of America (TUA) today released its updated study of Champaign County, IL government employee pensions, publishing the top 200 pensions Champaign County Illinois Municipal Retirement Fund (IMRF), the top 200 pensions of the Teachers’ Retirement Fund (TRS), and the top 200 pensions of State University Retirement System (SURS). Taxpayers United of America issued the following statement based on the TEF pension study.

Click to View Top 200 Champaign TRS Pensions

Click to View Top 200 Champaign SURS Pensions

Click to View Top 200 Champaign IMRF Pensions

“Champaign area government pensions take a 50% bite out of property taxes just to fund the IMRF, police, and fire retiree funds,” said Jim Tobin, TUA president.

“IMRF pensions are funded by property taxes but government bureaucrats are more concerned about fulfilling promises made to state government union bosses, in order to maintain and enhance government pensions, than they are about their constituents.”

“Illinois Governor Jay Robert “J. B.” Pritzker has plans to increase state income taxes. Pritzker has advanced his proposal for an income tax increase amendment. The measure, which will be put to voters on the 2020 November ballot, would change the current flat-rate state income tax to a graduated state income tax that would decimate the middle class.”

“The average retirement benefit of a former government employee in Illinois is a hefty $56,148 – for an average period of 20 years on the government payroll. The average Champaign taxpayer’s Social Security pension is about $17,532 per year, and is funded completely with private money from taxpayers and their employers. But the IMRF pensioners also usually collect Social Security on top of their overly generous Illinois pensions.”

“You may recognize some of these names of the government pensioners with multi-million-dollar payouts:

SURS pensioner Peter Maggs struggles to get by on an annual pension of $445,321. With a 3% annual compounded cost of living adjustment, that will accumulate to

$2,688,656 when he reaches the age of 85 in just a few years.

Michael W. Caine retired from Champaign CUSD 4 and currently collects $186,335 annually. Over a normal lifetime, he will accumulate $5,317,694 in pension payments.

William L. Volk retired from Champaign-Urbana Mass Transit and has a current annual pension of $243,922. Mr. Volk likely gets about $28,000 more per year from Social Security.

There are now 2,572 more government retirees receiving over $100,000 compared to last year. This brings the new total to 22,053 retired government employees receiving over $100,000 a year.

Additionally, there are now 111,809 Illinois government pensioners collecting more than $50,000 in taxpayer funded payments yearly. This is an increase of 4,717 from last year, that total being 107,092.

“Illinois courts have made it clear that they will protect the government pensions regardless of how devastating they are to the state, the taxpayers, and the communities of Illinois. Communities throughout the state are cutting services needed today so that they can pay for services of years past.”

“It is just unreasonable to allow people to retire in their 50’s and early 60’s, pay a 3% automatic cost of living adjustment, and expect taxpayers to foot the bill. Now that billionaire Jay Robert “J. B.” Pritzker has been elected, government pension reform won’t occur anytime soon. Pritzker will continue to try to tax his way out of this mess,” concluded Tobin.

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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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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

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