2010 Illinois State Pensions: 4,200 Over $100,000 Up 27% From 2009

Top pension of $402,418 exceeds president Obama's salary of $400,000.

Here's the deal:

Public sector employees point out that many of them don't get social security. They should be glad. Private sector workers must work 45 full time years to
get $28,000 max social security at age 66. Public  sector employees pay 8 percent to retire with a superior pension
at age 55 when private sector employees pay 11 percent (social security plus 401K) to
retire with an inferior pension at age 66.

Comments

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  • Being a municipal employee I had no idea when I started that this was set up in this fashion. Being in the system now I can see why.The levels of upper and middle management are loaded with pols. This is why we need a forensic audit here across te entire state.I can't see this being able to go on. We are taking 23 days off witkhout pay and the debt gets larger? Pensions to must be reigned in but what dem is going to do that.I know we will all get slammed but do I want my childrens children on the hook for all this,plus lets start looking at the freebies always out there for the professional takers......

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