Jared Labell was interviewed by CBS 2 WBBM Newsradio’s John Cody about Lake County pensions.
(CBS) — Taxpayers United says over 14 Lake County retirees are collecting pensions over $200,000 as the tax watch it continues combing through Illinois county retirement records for potential tax savings, reports WBBM’s John Cody.
Taxpayers United warns Illinois is heading for financial collapse without radical change to the pension system.
“We’re talking about the nearly 900 Lake County and Waukegan government collecting annual pensions of more than $100,000,” said Taxpayers United operations director Jared Labell.” It’s unconscionable that taxpayers are still on the hook for such outrageous pensions.”
Labell is urging all new public hires in Illinois, including teachers and police, go into 401K retirement plans, an increase to the minimum retirement age at full benefits to 65, and an increase in member contributions to 50 percent of all health care premiums.