Tag: retirement


Madison Bondi gives them to us in Reboot Illinois

How glad I am that I'm too old to be starting a family.

Today’s young couples are facing impossible financial expectations and demands. I was reminded of that when a friend told me that her son’s college education was costing $54,000 — a year. That’s more than I spent some 20 years ago for my two children’s entire college educations. I can only shudder when I think what... Read more »

Retired Illinois Judges Raking in Gluttonous Pensions

A press release from Taxpayers United of America deserving posting in its entirety: FOR IMMEDIATE RELEASE Contact: Jim Tobin (773) 354-­‐2076 May 29, 2012 (312) 427-­‐5128 Retired Illinois Judges Raking in Gluttonous Pensions CHICAGO-­‐-­‐Retired state and county Illinois judges are enjoying some of the most lavish, gold-­‐plated pensions of all Illinois government-­‐pensioners, according to Jim... Read more »

Disabled fed workers' comp better than retirement

Would you rather receive up to 75 percent of your salary tax free for the rest of your life as workers’ compensation or up to 60 percent of your salary as your retirement. This is the “tough” choice facing federal employees injured on the job. Under a nearly century-old law, 132 postal employees 90 or... Read more »

Top gold-platted pensions for retired government workers in suburban Cook County

Undoubtedly, they worked really, really hard, and spent many, many years loyally serving the public. But because they work for you, I thought you might be interested in what they’re being paid in retirement. And what their salaries were bumped up to in their last year of service to reap a higher pension payment. Just... Read more »

Liberals aiming to destroy your 401k?

Consider: Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that. That’s  from Mark Hemingway, writing in the Washington Examiner. I doubt that... Read more »

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... Read more »

Tribune editorial, teachers unions and Civic Committee head weigh in on...Dennis Byrne

Dennis Byrne Yes, I too was surprised. It stems from a Tribune column in which I reported a legal opinion that the Illinois public employee pension benefits might not be as secure as commonly thought. The opinion, written by the Chicago law firm Sidley Austin, argues that the state constitution does not guarantee that the... Read more »

Bi-partisan pain: Raise social security retirement age to 70?

Steny H. Hoyer Such bi-partisanship is exceedingly rare, but it has to happen. Two House leaders, Majority Leader Steny H. Hoyer, Maryland Democrat, and Minority Leader John A. Boehner, Ohio Republican, have indicated that avoiding a social security financial meltdown will require some painful cuts in benefits. High on the list is raising the retirement age for payments,... Read more »

Rich, retired Illinois state cops

Here is an eye-opening comparison of the salaries and retirement benefits granted to Illinois state police, compared with private sector retirees who “get” to live off their “generous” social security retirement benefits. The study was done by National Taxpayers of Illinois United. Yes, we should reward the police who put their lives on the line... Read more »