Home Values / Property Taxes / Pension … see how they have changed over the past two decades. Illinois Policy has an excellent analysis of where the money has gone.
Taxpayers United of America (TUA) / Taxpayer Education Foundation have posted the 2018 Pension reports For Illinois
19,481 pensioners are receiving over $100K per year.
see the 12th Annual Illinois Pension Report:
It has links to the top 200 pensions for each of the statewide pension funds.
SURS (State university Retirement System) has
2 receiving over $500,000 per year,
7 receiving between $400,000 and $499,999
25 receiving between $300,000 and $399,999
and the remainder of the top 200, at least
166 receiving between $200,000 and $299,999
For the vast majority, their lifetime contribution covers less than 10% of their estimated lifetime benefits.
For TRS (Teachers’ Retirement System)
the top 200 annual payouts range from $331,087 to $197,787.
Number 3 on the list is Gary T Catalani, Community Unit SD 200. He is pulling in $320,403 this year.
Dr. Catalani retired June, 2007 the district is still paying his Family Medical / Family Dental and will continue to do so until 2/1/2021.
In 2004 when Dr. Catalni announced he would be retiring in 3 years, he was earning $232,511.
in 2005 after the first of his 20% end-of-career-salary-spikes he was earning $311,075
When he retired at age 56, he had 33 years of experience. He will soon have collected more in pension than he did for working.
I have several neighbors who are are afraid, that if Illinois touches anybody’s pension that they could loose their own. First let me say
No one will take your modest pension
We can change pensions going forward, for new employees with legislation. However, any modification to the already promised pensions requires negotiation, the legislature placing an amendment on the ballot and the voters approving it.
Take a look at these top pensions. Can you justify raising taxes on the working poor & middle income folks to fund these? Will you be willing to make small changes now, in order to avoid a total collapse?
Taxpayers United of America – 2017 Pension Report
Starting at taxpayersunitedofamericaorg/items-of-interest/11th-annual-report-illinois-state-pensions and clicking on the reports for each of hte state-run pension funds, we find the top few state pensions are all for retirees in the State University Retirement System (SURS)
- Nearly 17,000 Illinois Government Pensions Exceed $100,000 as of 2017
- Nearly 100,000 Illinois government retirees collect annual pensions totaling $50,000 or more.
- The average annual Social Security retirement benefit for taxpayers is less than $17,000 and the maximum benefit is $32,000 if working until 66.
Comparing to census data
According to the US Census 2017 data for Illinois: Bureauhttps://www.census.gov/quickfacts/IL
Median household income (in 2016 dollars), 2012-2016 was $59,196.
Per capita income in past 12 months (in 2016 dollars), 2012-2016 was $31,502.
And their state income tax went up last summer so that all pensioners can continue to get a 3% compounded COLA (Cost of living allowance), including those receiving pension well in excess of the median family income.
Ives’ Statement of pensions:
Jeanne on the House floor
Watch Jeanne argue and kill a bill allowing a pension holiday
Jeanne Ives on FB-Live
If you are on Facebook, you can watch the FB-live video of Jeanne Ives at The University of Chicago Institute of Politics on 3/5/2018
- “In the state of Illinois, when you look at the cost of our pensions, it is 23% of our income. The average in other states is 3%.”
- “Illinois has become one big Ponzi schemes.”
- “The police and fire in Chicago… are just one down-turn short of insolvency. “
- “We are number 3 in the nation in terms of state support for full time equivalent student… it’s just that half of that goes to pensions…”
- “In the last 30 years pension costs have grown over a 1,000%. In the same time, personal income has grown just over 100%… ten times!”
- “We are number 1 in supporting pensioners. We are number 48 in supporting developmentally disabled.”
- “If you had understood, how these pensions were ballooning, you would have had a decrease in the salary acceleration…”
- “If we still had the same tenants in our pension plan, as we had in the 1970’s we would not even have a crisis. They went from a 1.5 multiplier to a 2.2 multiplier. They went from you have to be 62 or over 60, to you can retire with 2 years of sick leave accrual and retire before you are 55. And then they went from a 1% COLA to a 3% compounded COLA…”
We need to have the discussion. We need to find a way to ensure that pensions will be here for years to come while still providing state services and without chasing the taxpayers out of the state.
The “TRS IL Comprehensive Annual Financial Report for the fiscal year ending June 30, 2016” is now on-line
pdf page 102 has active member data. Page 110 retirees
How is it fair that when a
teacher with 30 years of experience with average earning of $102,896/year
retires with an average starting pension of $68,556/year …
gets a 3% increase every year… COLA
while the new teacher who replaces her
averages less than $49,464/year* and
will have a tax increase to pay for the retirees COLA.
* $49,464 is the average for teachers with less than 5 years, new teachers are likely lower
How much has District 200 been paying for superintendents over the years?
Note: Curley was an acting Superintendent. 1999 to 2012 data was downloaded as excel files from the “Family Taxpayer association” website. 2013-2015 was found on openthebooks.com
The inflation calculator is usinflationcalculator.com/ (based on federal government statistics.
Dr. Catalani’s contract called for end of career salary spikes of 20% per year compounded for 3 years. When he turned 60, his 3% compounded annual COLA (cost of living adjustment) kicked in.
Illinois taxpayers are paying for Dr Catalani pension ($293,220 in 2015) and District 200 is still paying for his medical insurance.
Superintendent, Brian Harris abruptly left Wheaton-Warrenville, CUSD200 on May 29, 2014 to take over as superintendent of Barrington Unit District 220. As a result Harris’ base pay went from $219,370 to $260,000. A year earlier, on May 28, 2013, with three years left on his on contract, Harris had received a new five-year contract with a $20,000 base salary increase. When Harris announced his departure, he had served CUSD200 for four years and still had more than four years left on his five-year contract. CUSD200 forgave Dr. Harris’ $40,000 get-out-of-contract-early penalty in exchange for Harris recommending his own replacement.
Look at the “TRS IL Comprehensive Annual Financial Report for the fiscal year ending June 30,2015”
pdf page 100 has active member data. Page 109 retirees.
- Average salary for new teachers (under 5 years of service) is $47,796
- Average salary for soon to retire teachers (25-29 years of service) is $94,410
- and (30-34 years) $100,785
Then look at retiree data.
- Those retired less than 1 year who worked 25-29 years have an average starting (and current) benefit of $3,222/month = $38,664
- And 30-34 years experience have $5,646/month = $67,752
Note, those retired longer, may have a higher current pension. Current pensions peak for those retired 10-14 years ago (that would be retired in 2002-2006)
- 25-29 years experience have a current pension of $4,580 = $54,960
- and 30-34 years experience have a current pension of $6,295 = $75,540
This tells us a couple things.
- When a teacher who worked a full career (30+ years) retires, the retiree will have a starting pension ($67,752) for not working that exceeds her replacement’s starting salary ($47,796) for working.
- Retiree COLA (3% annually compounded) exceeds the amount the salary curves are going up.
From page 100 of the pdf (active teachers salary chart)
From page 109 of the pdf (retired teachers pension chart)
State of Illinois’ Pension Debt Jumps To $130 Billion
Each household in Illinois now owes more than $27,000 in state pension debt. Pension payments are now crowding out other government services as the potion of the state general fund has risen from less than 3% in 1996 to almost 25%.
The Illinois Policy Institute does a nice job of explaining it. illinoispolicy.org