Illinois legislators will get $55,000 - no wonder they are against pension reform.

What do you contribute to your pension? Maybe put aside a few bucks here and there? Then you'll be happy to know that we, the taxpayers, contribute $55,000 a year for lawmakers' pensions. Gov. Pat Quinn does even better, receiving a $140,000 contribution. 

Sweet.

In effect, taxpayers are not only coughing up their salaries, but also another 82 percent of their salaries as pension contributions. 

This is detailed in yet another fine piece of research by Bill Zettler and published in Champion News.

Comments

Leave a comment
  • You weren't clear, like the linked article was, that it is $55,000 per legislator, or a total of $9,735,000 for the legislature as a whole.

    The linked article also made it quite clear that the contribution per legislator or governor was about 82% of their cash salary.

    Of course, private employers send their employees a statement once a year that includes FICA as a benefit. So, they pay twice, for Social Security and state pensions.

    I've also noted that whenever pension reform is mentioned, someone, usually a teacher, posts "I made my contributions, now it is up to the state to make its." That must be a line fed by the union leadership, and the article seems to refute it by stating "the fact that the Employer Contributions (better known as taxpayer contributions) have been 230% more than employee contributions since 2000 even as the unfunded pension has increased by 500% from $15 billion to $80 billion."

    If some teacher wants to attack that, he or she should post a link to evidence refuting that conclusion.

Leave a comment

  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Advertisement:
  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Like me on Facebook

  • google-site-verification: googlefdc32e3d5108044f.html
  • Meet The Blogger

    Dennis Byrne

    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

  • Our National Debt

  • Twitter

  • Categories

  • Tags

  • Recent Comments

    • Yes, I was thinking of that quote and wondered how Mark Twain would say something similar today. Golf is a ...
      Read the story | Reply to this comment
    • "Golf is a good walk spoiled." Mark Twain
      Read the story | Reply to this comment
    • Forgive me as a tour guide and someone I suppose whose not really privy to the inner workings of the ...
      Read the story | Reply to this comment
    • This site is so cool and loaded with valuable data. Continue sharing and I will dependably backing to such an ...
      Read the story | Reply to this comment
    • Madih-ullah Riaz your article is interesting and I have forwarded it to my best friends. I would recommend it. Thanks for ...
      Read the story | Reply to this comment
  • Monthly Archives

  • /Users/dennisby/Desktop/trailer.mp4
  • Latest on ChicagoNow

  • Advertisement: