Head Of Anti-Tax Group Calls Lake County Pensions Excessive
(CBS) -- The head of an anti-tax group says the latest government pension survey of Lake County shows some outrageous payouts to retirees, reports WBBM Political Editor Craig Dellimore.
Tobin, founder and president of Taxpayers United of America, says a study of Lake County government pensions shows about a third of the retired teachers surveyed are getting annual pensions of over $100,000 and he cites a retired Lincolnshire employee with a $218,000 annual pension payout.
But haven't these government workers earned their pensions? No, says Tobin, who urges pension reform.
"They don't deserve to steal egregious amounts of money from the taxpayers so they can retire in their 50s, kick back, live the life of Riley while we taxpayers have to work into our 70s to pay our own bills and pay for their lavish, gold-plated pensions to boot," Tobin said.
Tobin says such pension payments are not sustainable, and the state is forced to cut services to make those payments.
"It's all stolen money, stolen from the taxpayer
Tobin says one way voters can fight back is by voting down all tax increase referendums on the next ballot.