Top Oshkosh and Fond du Lac Gov't Pension Estimates Released

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OSHKOSH—Free and Equal (F&E) and Taxpayers United of America (TUA) released estimated pension payouts for Oshkosh and Fond du Lac area government employees. Wisconsin refuses to release government pensions, ignoring citizens’ right to review all payments funded by taxes.
TUA, who last year released pension estimates for state employees and eight Wisconsin cities, calculated estimated pensions for government employees in the cities of Oshkosh and Fond du Lac, and Fond du Lac County, based on current salaries. Winnebago County has refused to release the salaries of its employees, further denying the public’s right to review anything funded by the taxpayers.
“Wisconsin has made the most politically courageous changes in the nation, to the corrupt system that allows money to be forced from the rank and file and given to politicians in the form of campaign contributions, by limiting collective bargaining,” stated Christina Tobin, Vice President of TUA and Founder of F&E.
“But it seems that some government officials are willing to protect the system by keeping it hidden from review. The costs of shielding the system from review, and ultimately reform, are devastatingly high as cities around the country are buckling under the weight of their unfunded liabilities. Pension funds are the number one budgetary problem in the country.”
“While residents across Wisconsin and the country face crushing taxes, falling home values, and high unemployment, and, at least according to some, another recession, government employees continue to receive lavish pensions funded by taxpayers who will never collect more than about $22,000 from Social Security.”
Tobin continued, “For example, Mark Rohloff, Oshkosh City Manager, will collect an estimated annual pension of $87,497* based on his actual salary of $136,714. His estimated lifetime payout is $2,362,424*.”
Philip D. Kelley, Fond du Lac County Medical Examiner, has an estimated annual pension of $156,993*, based on his actual annual salary of $245,302, with an estimated lifetime payout of $4,238,818*.
“University of Wisconsin Oshkosh Chancellor, Richard H. Wells, has a lifetime estimated payout of $3,756,689* with an estimated annual pension of $139,137*, based on his actual annual salary of $217,401.”
View pension amounts below:

“Wisconsin’s government pension systems are crushing middle class Wisconsinites. 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 further increase their pension contributions, they would preserve their pension benefits. Additionally, all members should pay for 50% of their healthcare premiums. We need a stable system that is fair to both taxpayers and beneficiaries or pension checks will stop coming.” Added Tobin.
*TUA submits FOIA requests for current employee salaries and estimates pensions based on the current pension laws. Assumes retirement at age 65 after 38 years work. Assumes current salary is salary used for pension calculation. Assumes COLA of 2%/yr. Lifetime Pension Payout does not include SS payments.

Illinois Gov't Pensions Over $100,000 Up 27% Since Last Year

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CHICAGO—Retired Illinois government-employees pull in huge pension payments while Illinois taxpayers bail out the floundering government pension plans with the 67% increase in their state personal income tax, according Jim Tobin, President of Taxpayers United of Illinois (TUA). Tobin added that the number of retired government employees in Illinois getting annual pensions over $100,000 jumped 27% from last year.
The number of government retirees in the Illinois state pension funds getting over $100,000 a year in pension payments rose from 5,294 to 6,706.
Tobin projected that by year 2020, 25,000 government retirees will be getting annual pensions over $100,000.
“The Teachers Retirement System (TRS) pension fund had 3,499 retirees pulling in over $100,000 a year in pension payments as of April 1, 2012,” said Tobin. “The State University Retirement System (SURS) pension fund had 2,108 retirees getting more than $100,000 a year.”
Click here to view the top 100 Illinois State pensions as of April 1, 2012.
“In the State Employees’ Retirement System (SERS), 84 of the top 100 are retired State Troopers, including 28 troopers who retired at age 50 and are getting over $100,000 a year.”
“The largest pension of all retired Illinois government-employees again is Tapas Das Gupta, formerly of the University of Illinois at Chicago. Gupta’s annual pension (as of April 1, 2012) is an astronomical $426,885 — $35,573 a month. So far, Gupta’s pension payout to date is a whopping $3,001,481.”
“With lavish, gold-plated pensions like these, it’s no wonder that the Illinois government pension programs are going broke, and that Springfield politicians are trying to bail them out with tax increases on Illinois citizens whose annual incomes often are lower than what these guys get a month.”
“Immediate and real pension reform is long-overdue. Ending pensions for all new government hires will eventually eliminate unfunded government pensions,” said Tobin. “New government hires should plan for their own retirements by being placed in Social Security and 401(k) plans.”
“Furthermore, if each government employee were required to contribute an additional 10% toward his or her pension, taxpayers would save $150 billion over the next 35 years.”
“Finally, requiring Illinois government employees and retirees to pay for one half of their healthcare premiums would save even more – an estimated $230 billion over current projections.”