Legislative Pension Update
Thanks to Illinois Review for pointing me to a list pensions of retired legislators published by the Chicago Tribune.
Democrat Art Berman, one of my contemplates, seems to have gamed the system the best. He’s getting $203,428 a year.
Republican Ed Petka, who served as Will County State’s Attorney before being elected to the legislature and as a judge afterward, pulled in $161,280.
Locally, former State Senator Jack Schaffer, who headed the financial regulation department under Governor Jim Edgar, gets $99,010.
Former State Senator Bill Peterson got $93,737 in the last year.
Yours truly is receiving $79,831 this fiscal year.
Ann Hughes’ annual pension is $21,768.
In another connection to McHenry County, former felon and State Rep. Roger Stanley, who went to jail seeming to admit to illegalities in a GOP primary campaign by an Establishment Republican against me, but was allowed to keep his state pension because his conviction was not linked to his public service, gets $73,721.
296 are on the list.
The General Assembly Retirement System web site says,
“At June 30, 2010, the accrued actuarial liability of the System was $251.8 million and the actuarial value of assets amounted to $66.2 million resulting in an unfunded actuarial liability of $185.6 million.”
