Peoria Journal Star | Report details high state pensions for police

The Peoria Journal Star featured TUA’s release on Illinois state troopers and corrections officers who are pension millionaires.
GERMANTOWN HILLS —A recently retired captain of District 8 of the Illinois State Police and the current director of the region’s covert drug enforcement group each receive among the highest state pensions.

According to a report released this week by Chicago-based Taxpayers United of America, those pensions – both above $110,000 annually – are in the top 100 in the state and are representative of a trend: State troopers and corrections officers make up an overwhelming majority of those who earn the most from state pensions after they retire.
Of the top 100 pensions in the State Employee Retirement System, 84 are state troopers or corrections officers and 28 of those retired at age 50 with pensions of more than $110,000 a year.
In both categories is Dean Kennedy, who left as captain of District 8, with headquarters in Germantown Hills, at the end of September with an annual pension of $119,184 – or 80 percent of his salary at the end of his career at the top of the trooper pay scale.
“I know I’m very fortunate, but yet on the other hand, I didn’t make them do this,” Kennedy said. “I understand people’s frustration . . . but it was a contract. It’s what we were promised.”
The former captain is among a block of about 20 former troopers in the middle of the list released by Taxpayers United who are drawing the same annual pension amount and mostly retired in their early 50s within the last two years.
Further down on the list of 100 is Rene Sandoval, who retired from his post with the narcotics enforcement group in the Quad Cities last summer to become director of the Peoria Multi-County Narcotics Enforcement Group. In addition to his salary for that job, he collects a pension of $111,381 annually. Sandoval declined to comment on the Taxpayers United report.
The president of that group, Jim Tobin, in a release on the results pointed to the amounts as “clearly unsustainable” and the reason that the state pension system is currently underfunded. As a solution, he suggested replacing government pensions for all new hires with Social Security, 401(k) investment plans and increases in employee contributions.
And to a retiree like Kennedy, that doesn’t seem entirely unreasonable. But it also wasn’t the reality under which he worked, he said. For more than 27 years, he paid 12.8 percent of his checks into the pension system as required, without any other options for his own money and without the option of Social Security.
“There’s some people who think (state employees) sit around and don’t do anything – that’s ridiculous,” Kennedy said. “All I can say is I knew I was getting paid very well, and I tried to do the best that I could for it.”

Rochester Government Pensions Reveal Need For More Reform

View release as a PDF
ROCHESTER—Taxpayers United of America (TUA) today revealed retired government employee pensions for Rochester and Olmsted County. Many Minnesota government employees are becoming pension millionaires when retired.
“Many government retirees make more in pension payments than private sector taxpayers make in salaries,” stated Christina Tobin, TUA Vice President and Founder and Chair of Free And Equal. “Both the economy and the pension system are in serious trouble. While taxpayers struggle to save for their own retirement and fund the pension system, government retirees have to be concerned that their pension payments will continue.”
“I have hand delivered a letter to Gov. Dayton and mailed the Legislature, calling for additional pension reform that will be both fair and sustainable. TUA is ready to work with legislators who want to do what’s in the best interest of their constituency and not the union bosses who fund their reelection.”
“Until pension plans eliminate the possibility of creative accounting practices and actuarial tricks that mask the critical level of unfunded liabilities, Minnesotans need to be very worried. The devastation of a system collapse will not discriminate between public and private sector citizens or party lines.”
Dewayne Mattson, retired Olmsted County government employee, collects an annual pension of $141,357. His estimated lifetime payout is $5,483,238*.”
Hazel Pearson, also retired from the Olmsted County government, has an annual pension of $121,639 with an estimated lifetime payout of $4,718,380*.”
“Retired Rochester employee, Anna Easley, has a lifetime estimated payout of $4,463,413* based on her actual annual pension of $115,066.”
“Minnesota’s government pension systems are crushing middle class Minnesotans. Replacing defined benefit pensions for all new government hires with social security and 401(k)s would eventually eliminate unfunded government pensions. If current government employees would just increase their pension contributions, they would preserve their pension benefits. We need a stable system that is fair to both taxpayers and beneficiaries or pension checks will just stop coming.
“This is the time for political courage, to do what’s in the best interest of taxpayers, rather than the union bosses. Lawmakers seem to think they answer to unions and corporations. Let’s knock any politician out-of-office, who cuts deals with bad union bosses and bad corporations!
View letters to the governor and legislature below:

View pension amounts below:

*TUA submits FOIA requests for actual pensions. Since personal information is not available, lifetime pension payouts must be estimated based on retirement at 56, life expectancy of 85 (IRS Form 590), and 2% COLA.

State Troopers & Corrections Officers Quick to Capture Lavish Pensions

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CHICAGO–A report just published by Taxpayers United of America (TUA) on the “Top 100” pensions of the State Employee Retirement System (SERS) revealed that 84 of the Top 100 are state troopers or corrections officers, and that 28 state troopers retired at age 50 and have pensions over $100,000.
“If you want to pull in a lot of cash and retire early, being a state trooper or corrections officer is a lot more lucrative than being a criminal,” said Jim Tobin, TUA President.

Click here to download the Top 100 SERS pension amounts (PDF).
“Trooper John Lofton gets an annual pension of $134,026 and already has collected $1,077,048 in total pension paid out to date.”
“Trooper Gene Marlin gets an annual pension of $129,268 and already has collected a very hefty $1,402,163 in total pension paid out to date.”
“Leading the pack of the SERS Top 100 is Sadashiv Parwatikar of Human Services, with an annual pension of $184,470 and a total pension paid out to date of $1,464,787.”
“Second place on the Top 100 is Kamal Modir of Human Services, with an annual pension of $166,732 and an astounding total pension paid out to date of $1,981,427.”
George Welborn of Corrections, who retired at age 55, gets an annual pension of $124,866 and already has collected $1,027,364 in total pension paid out to date.”
“These lavish, gold-plated SERS pensions are clearly unsustainable, and are the reason that SERS is so underfunded.”
“The way to fix the broken pension system is to replace pensions for all new government hires with social security and 401(k)s, and increase current employee contributions. This is the only way to eliminate the unfunded liabilities that plague taxpayers.”
“Finally, voters should kick all Springfield Democrats out of office in 2012. They are the ones who approved the temporary 67% state income tax surcharge, all of which is being pumped into the state pension programs.”
This release is the second in a series. To see the first, click here: Pension Millionaires Draining Lifeblood from TRS Pension Fund.