I have a reputation here for being anti public-sector union - for supporting Scott Walker and his efforts to rein in unions - for thinking that teachers are overpaid and their pensions too generous. I live in Illinois. Illinois is entrenched Democratic. Our public pension unfunded liability is: $83 billion. That's full disclosure.
I'm putting together an article for submission to a major Chicago newspaper and would like your opinion on your impression of these stats. This is the pension side. I'll be doing the salary side as well. (It's very difficult and time-consuming to gather the data, but the data as correct as humanly possible. Please assume it is for your vote.)
Because it's very difficult to gather data, I've limited my research to one blue-collar community in suburban Chicago: Elk Grove Village, Illinois
About Elk Grove Village
Median household income in EGV is $71,834.
Per capital income is $28,515.
84.,68% of all households earn less than $75,000 per year.
- There are 925 current retirees receiving a pension.
Of those 925, 828 of them are greater than $50K/year. (I analyzed the 828)
Of those 828 pensions, 730 are from $50-$99,000/year.
Of those 828 pensions, 95 of them are from $100-$149,000/year.
Of those 828 pensions, 3 of them are over $150,000/year.
The average for the 828 pensions is $85,481/year.
Social Security Average: $12,912
Maximum Social Security One Can receive: $28,392
Assume you pay property in taxes in Illinois and that 50% of your bill (approximately) goes toward education. Further, that your property tax bill is around $3,800 for a 3-bedroom, 2-bath home with a 1-car garage and no family room.
How do these numbers hit you? "OMG!" or, "So what?" Thanks.