As the Taxpayers United of America points out many pensioners in Chicago are on track to collect more than $5 million dollars in lifetime pension payments.
REPORT: CHICAGO SCHOOL PENSIONS DRIVING THE WINDY CITY THE WAY OF THE MOTOR CITY
CHICAGO – Taxpayers United of America (TUA) today released the results of its second study of the Chicago Teachers’ Pension Fund (CTPF), which reveals many pensioners are on track to collect more than $5 million dollars in lifetime pension payments — benefits they claim are much more generous than those in the now bankrupt city of Detroit.
“The top 200 Chicago government-teacher pensions are all over $115,000 per year,” stated TUA president, Jim Tobin. “Detroit gives us a peek into Chicago’s future and an illustration of what happens when politicians commit future taxpayers to foot the bill for today’s services, in a deal made with union bosses to get elected. This is the future and the bills are due.”