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.
“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.