More than one hundred funds have more money on hand than they owe, with one locality reaching a funding ratio of 515 percent. CHICAGOA former Chicago firefighter who was convicted in the 1994 slaying of his wife has received more than $55,000 a year in pension payments from behind bars, according to a televised report . The Better Government Association is a non-partisan, non-profit news organization and civic advocate working for transparency, efficiency and accountability in government in Chicago and across Illinois. A nine-member Board of Trustees - made up of four active firefighters, one retired firefighter and four employee representatives - governs the fund. However, Naperville Republican state Rep. Grant Wehrli wants to end the perk. Remember as you look at these numbers that inflation has pushed prices up 120% since 1985. Those born . With his $161,709 salary and $125,624 pension from the Highland Park Fire Department, a total of $287,333, Des Plaines Fire Chief Alan Wax receives the highest combined annual payout of the 15 chiefs. Home News Releases Retired Chicago Police and Firemen Getting Rich From Locally Funded Pensions (Revised), CHICAGO Retired Chicago police and firemen receive lavish, gold-plated pensions, and, according to Jim Tobin, President of the Illinois Taxpayer Education Foundation (ITEF), the reason Governor Patrick Quinn signed Senate Bill 3538, the $500,000,000 Chicago property tax increase, is to pump more taxpayer dollars into extravagant city pensions. //
Terre Haute Tribune Star Obituaries, Articles C