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$20 BILLION UNDER-FUNDED
STATE UNIVERSITY PENSION PLAN (SURS)
"Each passing day without pension reform threatens
the excellence of higher education at the 65 colleges & universities."
Institute of Government & Public Affairs, University of Illinois
March 12, 2013
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Vernon O. Crawley, Moraine Valley Community College
$673,000 final year salary vs. $260,000 inflation adjusted final salary
Then, Crawley retired...
Pension: $330,000 per year- $27,000 per month!
THIS IS OBSCENE:
With no "skin-in-the-game," colleges are conferring excessive salaries and slamming taxpayers for the pension costs. Colleges pay zero in pension funding costs. Employees pay in 8% of salary. State taxpayers are on the hook for the rest...
"THE BIG DOGS"- STATE UNIVERSITY RETIREMENT SYSTEM
Click Here to review TOP 100 ALL-TIME University Pensions
- 15 pensions exceed $300,000 per year.
Here are some highlights:
- $516,000 (2012) annual pension- Dr. Leslie Heffez DMD from University of Illinois at Chicago- embarked on a second career in "private practice" as an entrepreneur dental surgeon with multiple North Shore offices.
- $420,000 (2011) annual pension- Ron Guenther is the former Athletic Director at the University of Illinois. Click here for salary history from $330,000 (2003) to $608,000 (2010).
- $348,000 (2013) annual pension, Al Bowman was the President of Illinois State University.
- Former Governor Jim Edgar (R)- $139,000 annual pension from being governor plus $181,710 salary as a "professor" at the University of Illinois. Total cost: over $320,000 per year.
"TOP 100" 2012 COLLEGE & UNIVERSITY ACTIVE SALARIES:
Click Here- the current salaries are driving the future pensions!
NUMBER OF COLLEGE EMPLOYEES UP 80%, COLLEGE ENROLLMENT UP 7% Illinois colleges and universities employed 52,000 in 2002. By 2012, total employment has risen to 90,000. This is unsustainable.
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