“I first learned of the state level pension abuse from openthebooks.com” Sen. Matt Murphy, sponsor of SB2499.
Yesterday at a Blue Room press conference at the Thompson Center, Chicago- Sen. Matt Murphy (R-Palatine) and I unveiled Senate Bill 2499: government pensions for government work, period.
Union leaders who are not government employees are draining tens of millions from our city and state government pension plans. The Chicago Tribune called the practice at the city level, “pension corruption.” We’ve identified that the scam is even larger at the state level.
Watch the brief video of my remarks, here.
Abuse of public pensions is not limited to union leadership. The clouted non-profits are exploiting it too.
In fact, 3 of the top 6 municipal pensions go to retirees from private, non-profit organizations. Visit www.openthebooks.com and choose RETIRED; VILLAGE TOWNSHIP COUNTY. Pension payouts range from $15,000 to $20,000 per month.
But, it wasn’t enough to have sweetheart, insider access to the government pension; each organization also participated in extreme end-of-career salary spiking to maximize their lifetime payout.
• In 2001, the Park District Risk Management Agency- Chief Executive Officer made $203,813. By 2005, she had final year salary of $346,863. Review history, here.
• In 2006, the Illinois Association of Park Districts- Chief Executive Officer made $183,236. By 2009, he had a final salary of $341,414. That’s a spike of $158,178. Review history, here.
• In 2007, the Illinois Municipal League Executive Director made $379,348 in his final year- a stunning spike of $167,000! Review history, here.
Here’s the point: all this happened with little or no accountability or public oversight. These are not government entities. Their salaries were not subject approval by an elected board or elected public official. And the salaries determine the taxpayer guaranteed pension payout.
Let’s work together to stop the abuse. Forward this email. It’s time to end the corruption.
For The Good of Illinois | Founder
PS: Call your member of the general assembly – Look up their name and phone number. Explain your strong support for SB2499. Please, get your family and friends to do the same.