Posted on 12/03/2019 12:18:23 PM PST by ChicagoConservative27
Due to a pension sweetener available only to veteran Illinois lawmakers, Cullertons annual pension will soon be more than he ever made from his Statehouse salary.
Illinois second-longest serving lawmaker announced Nov. 14 that he will retire in January 2020.
But the departure of Senate President John Cullerton, D-Chicago, highlights one example of how pension sweeteners Illinois lawmakers passed decades ago are putting taxpayers on the hook for extravagant benefits today.
Cullerton is set to receive more than $2 million in state pension payments over the course of his retirement, should he live to age 85. He will take home nearly $4.2 million if he lives to age 95, which is $1.3 million more than he would have received without the special sweetener.
(Excerpt) Read more at illinoispolicy.org ...
Piker. I know a guy who is California Highway Patrol, just retired. Last year salary was $357,708.82. He’s gonna get 80% or 90% of that annually for the rest of his life.
This government employee stuff is getting out of hand. If I’d only known...
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