Posts Tagged ‘illinoins state employee pensions’

Are people OVERPAID??

August 23, 2012

Let’s continue my many posts on the OVERPAYMENT of some people.  For this trip, let’s go to Illinois.  You know, Illinois, one of three states that is having tremendous budget problems.  I’ll let you decide if some people are overpaid.  Here is an article from Tax Payers United of America.  I know, I know….that group is biased….or is extreme…or they are communists…..or whatever you want to call them.  BUT, you can check the FACTS, with the Illinois State Government.  So, the facts are INDISPUTABLE.

Here is a quote from the article:

“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.”

I understand that State Troopers work hard and they have a difficult and dangerous job, but seriously???  28 Troopers retired at 50 a AND they get to receive $100,000/year for the rest of their lives???  To be RETIRED!!!  I’ll bet that amount is indexed for inflation, also!!!

or how about this quote:

“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.”

$426,885/year!!!!  That is almost as much as the President of the United States earns ($450,000).  Tell me again, why are states going bankrupt??