Over 132,000 Current or Retired Public Employees Make Over $100,000

[West Dundee Hawkeye]

The Democrats in Illinois are out of control. Below is a Tweet:

Adam Taggart

@menlobear


There are many reasons America faces a pension crisis 1. too little $ is put in 2. it's poorly managed 3. too much is paid out This article by
@everydimeonline
will get your blood boiling on #3

 

[West Dundee Hawkeye]

The Trumpers are in insane but Illinois is an example of a one party State that has let the Dems take over with more and more promises they never pay for. If you are not a Public Union Employee, you are screwed. Illinois has the largest public pension deficit in the country.

Illinois in Trouble

So, just who is making all of this money?

Meet the Illinois government employee $100,000 Club. It's comprised of 132,188 public employees and retirees who earned a new ‘minimum wage’ of $100,000 or more.

While crime skyrockets in the neighborhoods, test scores plummet in the public schools, and inflation decimates private-sector paychecks, the Illinois public employee class is living the good life.

Our auditors at OpenTheBooks.com found nearly 500 educators in the public schools with salaries between $200,000 and $439,000. In small towns, city managers made up to $341,300. Three doctors at the University of Illinois at Chicago earned incomes between $1 million and $2.1 million.

Barbers trimmed off $104,000 at State Corrections; janitors at the Chicago Transit Authority cleaned up $143,634; bus drivers in Chicago picked up $242,812; and suburban community college presidents made $418,677.

 

[DogBoyRy]

The Democrats in Illinois are out of control. Below is a Tweet:

Adam Taggart
@menlobear


There are many reasons America faces a pension crisis 1. too little $ is put in 2. it's poorly managed 3. too much is paid out This article by
@everydimeonline
will get your blood boiling on #3

America doesn’t face a pension crisis. Liberal states do.
Wait until the new #’s come out on status. The stock market was hiding the problem until slow joes economy.

 

[BustingNarratives]

One of several reasons Illinois has the worst bond rating of any state in the country.

List of U.S. states by credit rating - Wikipedia

en.m.wikipedia.org

 

[onlyTheObvious]

Doesn’t california have close to a trillion dollars in unfunded obligations?

 

[bhawk24bob]

It's hard work for #3 to administer a school district for a town with a population of 1,900

 

[Bank of Hawk]

It's hard work for #3 to administer a school district for a town with a population of 1,900

It’s a good gig if ya can get it

 

[Huey Grey]

"132,000 CURRENT or retired employees"

Odd how this is being avoided in this thread. I bet there are a lot of cops and firefighters on this list.

 

[DogBoyRy]

"132,000 CURRENT or retired employees"

Odd how this is being avoided in this thread. I bet there are a lot of cops and firefighters on this list.

Yeah.
Don’t see them on top of the list.
Re: CA. The math out there is getting bad. They need about a 7% return to stay afloat. The biden economy is killing them.
See stockton bankruptcy if you want to see where other cities are headed there - especially those not growing.

 

[Huey Grey]

Yeah.
Don’t see them on top of the list.
Re: CA. The math out there is getting bad. They need about a 7% return to stay afloat. The biden economy is killing them.
See stockton bankruptcy if you want to see where other cities are headed there - especially those not growing.

The whole list is comprised of educators. I haven't dug into it yet, but I'm willing to bet that this whole thing is cherry picked by the Rs to bash public education again.

 

[Huey Grey]

Here's the actual list. Everybody in the top 100 is medical related or judges minus a financial officer at the top.

https://openpayrolls.com/rank/highest-paid-employees/illinois

 

[onlyTheObvious]

States should just have a contribution into a retirement vehicle. They should not be guaranteeing a certain return amount.

nobody’s 401k or ROTH has any guarantees.

 

[DogBoyRy]

Here's the actual list. Everybody in the top 100 is medical related or judges minus a financial officer at the top.

https://openpayrolls.com/rank/highest-paid-employees/illinois

Where are your cops and firefighters?

 

[Huey Grey]

Where are your cops and firefighters?

Certainly not at the top. And neither are teachers.

 

[DogBoyRy]

Certainly not at the top. And neither are teachers.

Just school admin.
Ok

 

[TonyTheTiger.1865]

Best retirement in the country is state workers.

 

[Huey Grey]

Yeah.
Don’t see them on top of the list.
Re: CA. The math out there is getting bad. They need about a 7% return to stay afloat. The biden economy is killing them.
See stockton bankruptcy if you want to see where other cities are headed there - especially those not growing.

Gotta be honest. I would much rather be California, New York, or Illinois than Iowa or Mississippi. California now has the 4th largest economy in the whole world. Iowa seems to be dying out.

 

[Bank of Hawk]

States should just have a contribution into a retirement vehicle. They should not be guaranteeing a certain return amount.

nobody’s 401k or ROTH has any guarantees.

The standard 30-40 years ago was a pension for private and public jobs; now it’s just the standard for public jobs. It’s part of the reason people like my grandpa stayed at one employer pretty much his entire working life. Same reason many public workers never venture to the private sector. Guaranteed retirement is a very attractive benefit. Problem is the guarantees are too much and the till isn’t getting replenished the way the actuaries thought it would. Or maybe the actuaries already told the people in charge the current status quo was doomed for failure but no one had any will power to do anything about it.

 

[DogBoyRy]

Gotta be honest. I would much rather be California, New York, or Illinois than Iowa or Mississippi. California now has the 4th largest economy in the whole world. Iowa seems to be dying out.

Feel free to move.
CA is blessed with resources and tech. They will be paying for bad policies later.

 

[theiacowtipper]

The director our local ambulance service makes 104k. With the back the blue law passed in Iowa I’ll bet it’s a short list of sheriffs in iowa that make less than 100k. Heres a link. After the Republicans in Des Moines passed the back the blue law our small old county sheriff makes 132K a year. Direct result of a law passed by republicans in Des Moines.

County raises approved with 3-2 vote

A 45% raise for Lee County Sheriff Stacy Weber, and a 10% raise for all elected officials and county employees were approved with a 3-2 vote Monday by Lee County

www.mississippivalleypublishing.com

 

[TonyTheTiger.1865]

The standard 30-40 years ago was a pension for private and public jobs; now it’s just the standard for public jobs. It’s part of the reason people like my grandpa stayed at one employer pretty much his entire working life. Same reason many public workers never venture to the private sector. Guaranteed retirement is a very attractive benefit. Problem is the guarantees are too much and the till isn’t getting replenished the way the actuaries thought it would. Or maybe the actuaries already told the people in charge the current status quo was doomed for failure but no one had any will power to do anything about it.

Problem is that a number of companies went and surveyed their employees 20 years ago and most of the young ones said a pension wasn't important as a job consideration. So they started to eliminate them in preference to higher salaries to retain the younger employees.

The public pensions are out of control. 72 - 80 percent is serious money.

 

[bhawk24bob]

We can argue the merits of public employee pensions, in this case in Illinois. Right now, they're guaranteed in the State Constitution, so right now they are being paid.

Eventually enough 'Boomers will expire and a tipping point will be reached where the guarantees will be removed from the State Constitution. They can go around and around the topic as much as they want but math is math. There's probably around 15 years left until that tipping point has been reached and it's no secret that you're paying taxes for public spending of which it is impossible for you to benefit from. If you are dumb enough to sign up to pay taxes for this for the duration of your working career to pay for the legacy benefits that you were not at the bargaining table for, you deserve it.

 

[Tom Paris]

The whole list is comprised of educators. I haven't dug into it yet, but I'm willing to bet that this whole thing is cherry picked by the Rs to bash public education again.

It works every time. MAGA voters worry more about the earnings of middle class and below, but defend the wealthy who are scamming all of us in a rigged game.

 

[DogBoyRy]

We can argue the merits of public employee pensions, in this case in Illinois. Right now, they're guaranteed in the State Constitution, so right now they are being paid.

Eventually enough 'Boomers will expire and a tipping point will be reached where the guarantees will be removed from the State Constitution. They can go around and around the topic as much as they want but math is math. There's probably around 15 years left until that tipping point has been reached and it's no secret that you're paying taxes for public spending of which it is impossible for you to benefit from. If you are dumb enough to sign up to pay taxes for this for the duration of your working career to pay for the legacy benefits that you were not at the bargaining table for, you deserve it.

Great post.

 

[Tom Paris]

Just school admin.
Ok

WTF is your problem? Seriously.

 

[Tom Paris]

Problem is that a number of companies went and surveyed their employees 20 years ago and most of the young ones said a pension wasn't important as a job consideration. So they started to eliminate them in preference to higher salaries to retain the younger employees.

The public pensions are out of control. 72 - 80 percent is serious money.

You for politicians stealing this money from the middle class too?? You know we pay into this, right? In Iowa ipers is in phenomenal shape. Seems like Republican voters…it’s always them…want those of us who pay our entire careers into something to lose it.

 

[SI_NYC]

"132,000 CURRENT or retired employees"

Odd how this is being avoided in this thread. I bet there are a lot of cops and firefighters on this list.

All the police (82 in total) in our small suburban town make $100k+.

 

[DogBoyRy]

You for politicians stealing this money from the middle class too?? You know we pay into this, right? In Iowa ipers is in phenomenal shape. Seems like Republican voters…it’s always them…want those of us who pay our entire careers into something to lose it.

Uh - who is paying for it??

 

[TonyTheTiger.1865]

We can argue the merits of public employee pensions, in this case in Illinois. Right now, they're guaranteed in the State Constitution, so right now they are being paid.

Eventually enough 'Boomers will expire and a tipping point will be reached where the guarantees will be removed from the State Constitution. They can go around and around the topic as much as they want but math is math. There's probably around 15 years left until that tipping point has been reached and it's no secret that you're paying taxes for public spending of which it is impossible for you to benefit from. If you are dumb enough to sign up to pay taxes for this for the duration of your working career to pay for the legacy benefits that you were not at the bargaining table for, you deserve it.

I am curious, what tipping point will occur when the boomers are gone that leads you to believe that public pensions will be removed from the Illinois constitution?

Gen x,y and z are more socialist oriented and if anything they will support it more.

 

[TonyTheTiger.1865]

Uh - who is paying for it??

The question they can never answer.

 

[bhawk24bob]

You for politicians stealing this money from the middle class too?? You know we pay into this, right? In Iowa ipers is in phenomenal shape. Seems like Republican voters…it’s always them…want those of us who pay our entire careers into something to lose it.

I can't speak for Iowa but in Illinois, over half of the teachers aren't paying anything into their pensions or are not required to make the full contribution, as their unions have turned "pension pickups" into a negotiating item.

 

[bhawk24bob]

I am curious, what tipping point will occur when the boomers are gone that leads you to believe that public pensions will be removed from the Illinois constitution?

Gen x,y and z are more socialist oriented and if anything they will support it more.

Everybody's a socialist until it's their money. Those generations aren't going to see those benefits, and I believe there's another (diminished) tier of pensions that those generations are contributing to in Illinois. When the unlikelihood of their pensions being available starts to become apparent, they'll throw whatever 'Boomers are left under the bus.

 

[TonyTheTiger.1865]

Everybody's a socialist until it's their money. Those generations aren't going to see those benefits, and I believe there's another (diminished) tier of pensions that those generations are contributing to in Illinois. When the unlikelihood of their pensions being available starts to become apparent, they'll throw whatever 'Boomers are left under the bus.

I agree with your statement about being socialists of covienence. But you seem to be implying that there will no longer be public employee pensions or no hope of collecting them in Illinois someday. In our soon to be socialist utopia I find that hard to believe.

 

[Tom Paris]

Uh - who is paying for it??

I am. State workers are. I put a helluva lot more in than you do. Again, why do Republicans hate public employees but not the people who actually steal from us?

 

[Tom Paris]

I can't speak for Iowa but in Illinois, over half of the teachers aren't paying anything into their pensions or are not required to make the full contribution, as their unions have turned "pension pickups" into a negotiating item.

In Iowa our teachers’ union has zero power. Can’t strike. Can’t bargain. IPERS is solvent but Republicans want to blow that up too.

 

[Huey Grey]

Feel free to move.
CA is blessed with resources and tech. They will be paying for bad policies later.

Iowa's entire surplus came from the federal government. What do you think will happen when that dries up and we are left with severe tax cuts, no tourism, and young people leaving the state?

 

[TonyTheTiger.1865]

Iowa's entire surplus came from the federal government. What do you think will happen when that dries up and we are left with severe tax cuts, no tourism, and young people leaving the state?

Young people have always left the state. Yet it is still there.

 

[NCHawk5]

Things I care about: Illinois politics don’t resonate. Corrupt, as expected. And the results are there for everyone to see.

 

[DeangeloVickers]

Hmm wonder what additional drugs we can legalize and tax to help pay for this next?

 

[TheCainer]

States should just have a contribution into a retirement vehicle. They should not be guaranteeing a certain return amount.

nobody’s 401k or ROTH has any guarantees.

I have to laugh at all of the Poors on this board who are envious of public employee pensions.

Make your money in the private sector you profess to love so much so you can retire comfortably. K???

One has to remember that a lot of these public employees actually make less than their counterparts in the public sector, but the state does promise them enhanced retirement benefits in order to attract qualified job applicants. So instead of filling their payrolls with unqualified MAGA types, the state says we will reward you later in life with a good retirement plan.

I imagine these same MAGA types also hate union employees too.

Just a note to these same MAGAs, "Pull up your bootstraps, boys." Isn't that what you like to tell the rest of us?

lol