Posts tagged "pension plans"
Springfield is poised to vote today or tomorrow on a proposal to raise state income taxes 75 percent. But this tax increase would not reduce the $140 Billion in unfunded obligations for pension and retiree health care by a nickel. Legislators also plan to continue borrowing to pay for this largely unfunded program. ... Read more »
The Civic Committee of The Commercial Club of Chicago analyzed the values of pension benefits of firemen and policemen in Chicago who recently retired after full careers, many in their early 50’s. The analysis found that these retirement benefits average above $1 million – well above benefit levels available to taxpayers in the private sector. ... Read more »