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Name Annual Pension Pensions Paid Out To Date PARWATIKAR, SADASHIV 179,097 1,388,820 MODIR, KAMAL 161,876 1,912,765 VALLABHANENI, NAGESWARARAO 138,087 1,467,557 BAIG, MIRZA 135,465 1,026,589 KADKHODAIAN, HOOSHMAND 132,406 1,335,441 HARTMAN, EDITH 131,897 1,187,422 LOFTON, JOHN…
Read MoreRetiree Name Annual Pension Total Pension Paid out to date Total Contributions BARRY, TOBIAS 181,325 1,672,488 171,583 HARRISON II, MOSES 176,707 1,432,635 179,423 FITZGERALD, THOMAS 176,006 178,845 188,617 RARICK III, PHILIP 175,850 1,109,449 179,998…
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Shirley Forpe, a retired art teacher from Palatine District 211, wrote a letter to the editor of the Daily Herald defending her and other public employees’ pensions by equating them to Social Security. In…
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Recently the suburban Daily Herald newspaper published a letter from a Naperville man named Glen Brown. In the letter (see below) Mr. Brown wonders why there is so much attention being paid to pension…
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(Revised October 30th, originally posted five days ago.) How many pigs can fit at the pig-trough? Steven Preckwinkle, Illinois Federation of Teachers lobbyist, made $93 substitute teaching for one day in 2007. However he…
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Texas plan looks a lot like Tom Cross’s plan part 3 Recently Rick Perry mentioned several public pension plans in Texas that provided substantial pensions for public employees at rather modest cost to taxpayers….
Read MoreAn excellent question from a reader: If state pensions were limited to Illinois’ median family income ($57,000/yr) would that solve our pension problem? That is seemingly a solution but unfortunately it does not help…
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Springfield fiddles while taxpayers get burned. Where is the pension reform we have been promised by various and sundry politicians? Tom Cross’s SB 512 bill has been waved furtively in front of the Civic…
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Estimate based on life expectancy at retirement using IRS Publication 590.
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$85 Billion Unfunded Pension Debt Won’t Decrease Until 2042 – Best case. The next time you see an Illinois politician ask him two questions: When will the unfunded pension liability decrease from the reported…
Read MoreFrom the archive: What happens if agreement is not reached E. IF IT IS IN THE YELLOW PAGES PRIVATIZE IT: This was former FL Gov. Jeb Bush’s rule on reducing state costs and influence….
Read MoreFrom the archive: B. ALLOWABLE PENSION BUDGET ADJUSTMENTS – State and University: Once a “Total Compensation” value is arrived at adjustments could be made by the managers annually to fit their budget needs. Currently…
Read MoreFrom the archive: Taxpayer Costs Must Be Fixed Not Unlimited. Pension costs must be part of total compensation not separate and apart. The biggest single problem that needs to be addressed as part of…
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Special re-posting: Part 1: No it is not the solution. Illinois House leader Tom Cross has suggested a new plan to resolve the pension funding issue. It has three new options for current employees…
Read MoreUnless you have been in a cave the last week or so you have probably heard about Fresno County School Superintendent Larry Powell and his plan to forego his $288,000 salary over the next…
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