Tuesday, July 15, 2014

25 people with the highest pensions in the state as of April 1, 2014.

Here’s a list of 25 people with the highest pensions in the state as of April 1, 2014.  This list is from:  http://www.rebootillinois.com/2014/07/02/editors-picks/kevin-hoffmanrebootillinois-com/top-25-highest-illinois-government-pensions/19817/?utm_source=hotlist_20140707&utm_medium=email&utm_campaign=

You’ll notice many of the pensioners are/were employed by the University of Illinois-Chicago College of Medicine. Last year, the Better Government Association found that a handful of UIC employees retired, began collecting their pensions, and then were rehired after waiting the required 60 days in order to work part-time for a smaller salary.

Similar to the Naperville police chief who “double dips” — collects a pension on top of a taxpayer-funded salary —  nine UIC College of Medicine employees on this list are receiving pension payouts along with salaries.

 

(*Assumes Life Expectancy of 85 and 3% COLA compounded annually.)

1. Tapas K. Das Gupta
  • Title: Professor/Head of Department of Surgical Oncology, Chief of Service (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D. / Ph.D.
  • Annual Pension: $452,843
  • Employee Contributions: $475,331
  • Age at Retirement: 72
  • Pension Paid to Date: $3,876,691
  • *Estimated Lifetime Pension Payout: $5,276,384
  • Percentage of Lifetime Estimate Paid by Employee: 9.0%
2. Edward Abraham
  • Title: Orthopedic Surgeon (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $439,965
  • Employee Contributions: $535,165
  • Age at Retirement: 66
  • Pension Paid to Date: $2,829,593 
  • *Estimated Lifetime Pension Payout: $9,073,587
  • Percentage of Lifetime Estimate Paid by Employee: 5.9%
3. Mahmood Mafee
  • Title: Clinical Professor of Radiology (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $392,682
  • Employee Contributions: $562,570
  • Age at Retirement: 64
  • Pension Paid to Date: $2,708,810
  • *Estimated Lifetime Pension Payout: $8,841,639
  • Percentage of Lifetime Estimate Paid by Employee: 6.4%
4. Herand Abcarian
  • Title: Professor of Surgery / Division of Colorectal Surgery (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $359,360
  • Employee Contributions: $628,987
  • Age at Retirement: 67
  • Pension Paid to Date: $1,791,316 
  • *Estimated Lifetime Pension Payout: $6,891,360
  • Percentage of Lifetime Estimate Paid by Employee: 9.1%
5. Ronald Albrecht
  • Title: Associate Professor of Anesthesiology; Chief, Anesthesiology Service, Jesse Brown VA Medical Center (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $358,002
  • Employee Contributions: $462,077
  • Age at Retirement: 70
  • Pension Paid to Date: $2,254,661
  • *Estimated Lifetime Pension Payout: $5,438,136
  • Percentage of Lifetime Estimate Paid by Employee: 8.5%
6. James Ausman
  • Title: Chairman of the Neuropsychiatric Institute (1991-2001)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $328,767
  • Employee Contributions:  $418,471
  • Age at Retirement: 70
  • Pension Paid to Date: $1,868,250
  • *Estimated Lifetime Pension Payout: $5,208,225
  • Percentage of Lifetime Estimate Paid by Employee: 8.0%
7. Jacob Wilensky
  • Title: Professor of Ophthalmology (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $306,456
  • Employee Contributions: $410,791
  • Age at Retirement: 62
  • Pension Paid to Date: $2,565,764
  • *Estimated Lifetime Pension Payout: $7,351,922
  • Percentage of Lifetime Estimate Paid by Employee: 5.6%
8. Phillip Forman
  • Title: Professor Emeritus of Health Policy & Administration (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $298,740
  • Employee Contributions: $376,541
  • Age at Retirement: 67
  • Pension Paid to Date: $2,987,430
  • *Estimated Lifetime Pension Payout: $4,919,800
  • Percentage of Lifetime Estimate Paid by Employee: 7.7%
9. Joel Sugar
  • Title: Professor of Ophthalmology; Cornea Service Vice Chair; Clinical Operations (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $290,789
  • Employee Contributions: $446,643
  • Age at Retirement: 59
  • Pension Paid to Date: $2,488,810
  • *Estimated Lifetime Pension Payout: $8,350,201
  • Percentage of Lifetime Estimate Paid by Employee: 5.3%
10. Lawrence A. Wyllie
  • Title: District Superintendent
  • Employer: Lincoln-Way High School District 210
  • Qualifications: Ed.D.
  • Annual Pension: $289,861
  • Employee Contributions: $398,488
  • Age at Retirement: 75 (Retired June 30, 2013)
  • Pension Paid to Date: $219,006
  • *Estimated Lifetime Pension Payout: $3,163,732
  • Percentage of Lifetime Estimate Paid by Employee: 12.6%
11. Edward A. Andersen
  • Title: President & CEO
  • Employer: CGH Medical-Sterling
  • Qualifications: BA/MBA
  • Annual Pension: $289,626
  • Employee Contributions: $312,570
  • Age at Retirement: N/A (Retired Jan. 4, 2013)
  • Pension Paid to Date: $309,750
  • *Estimated Lifetime Pension Payout: N/A
  • Percentage of Lifetime Estimate Paid by Employee: 0.0%
12. Henry S. Bangser
  • Title: District Superintendent
  • Employer: New Trier TWP HSD 203
  • Qualifications: Ed.D
  • Annual Pension: $285,945
  • Employee Contributions: $275,366
  • Age at Retirement: 57 (Retired July 2006)
  • Pension Paid to Date: $1,917,706
  • *Estimated Lifetime Pension Payout: $9,601,168
  • Percentage of Lifetime Estimate Paid by Employee: 2.9%
13. Gary T. Catalani
  • Title: District Superintendent
  • Employer: Community Unit SD 200
  • Qualifications: Ed.D
  • Annual Pension: $284,674
  • Employee Contributions: $289,151
  • Age at Retirement: 56 (Retired June 30, 2011)
  • Pension Paid to Date: $1,652,783
  • *Estimated Lifetime Pension Payout: $10,345,806
  • Percentage of Lifetime Estimate Paid by Employee: 2.8%
14. Craig Bazzani
  • Title: Vice President for Business Affairs
  • Employer: University of Illinois at Urbana-Champaign
  • Qualifications: N/A
  • Annual Pension: $281,767
  • Employee Contributions: $298,686
  • Age at Retirement: 55 (Retired 2002, but under a pension formula intended for police officers and firefighters)
  • Pension Paid to Date: $2,834,047
  • *Estimated Lifetime Pension Payout: $9,431,462
  • Percentage of Lifetime Estimate Paid by Employee: 3.2%
15. Laura L. Murray
  • Title: District Superintendent
  • Employer: Homewood-Flossmoor CHSD 233
  • Qualifications: Ed.D
  • Annual Pension: $280,070
  • Employee Contributions: $298,591
  • Age at Retirement: 57
  • Pension Paid to Date: $1,442,008
  • *Estimated Lifetime Pension Payout: $9,994,442
  • Percentage of Lifetime Estimate Paid by Employee: 3.0%
16. George R. Honig
  • Title: Professor Emeritus Department of Pediatrics (Current)
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D. / Ph.D.
  • Annual Pension: $279,628
  • Employee Contributions: $401,027
  • Age at Retirement: 67
  • Pension Paid to Date: $2,478,490
  • *Estimated Lifetime Pension Payout: $4,965,034
  • Percentage of Lifetime Estimate Paid by Employee: 8.1%
17. Joel Milner
  • Title: Professor Emeritus Psychology
  • Employer: Northern Illinois University
  • Qualifications: Ph.D.
  • Annual Pension: $277,316
  • Employee Contributions: $429,142
  • Age at Retirement: 63
  • Pension Paid to Date: $1,746,505
  • *Estimated Lifetime Pension Payout: $6,904,273
  • Percentage of Lifetime Estimate Paid by Employee: 6.2%
18. Mary M. Curley
  • Title: District Superintendent
  • Employer: Hinsdale CCSD 181
  • Qualifications: Ed.D
  • Annual Pension: $272,012
  • Employee Contributions: $248,708
  • Age at Retirement: 55
  • Pension Paid to Date: $1,579,270
  • *Estimated Lifetime Pension Payout: $10,406,837
  • Percentage of Lifetime Estimate Paid by Employee: 2.4%
19. John Roland Folse
  • Title: Head of Department of Surgery
  • Employer: Southern Illinois University-Carbondale College of Medicine
  • Qualifications: M.D.
  • Annual Pension: $271,556
  • Employee Contributions: $288,201
  • Age at Retirement: 67
  • Pension Paid to Date: $3,128,842
  • *Estimated Lifetime Pension Payout: $4,264,931
  • Percentage of Lifetime Estimate Paid by Employee: 6.8%
20. James J. Schuler
  • Title: Surgeon in Division of Vascular Surgery
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $269,615
  • Employee Contributions: $564,913
  • Age at Retirement: 59
  • Pension Paid to Date: $2,104,504
  • *Estimated Lifetime Pension Payout: $7,971,747
  • Percentage of Lifetime Estimate Paid by Employee: 7.1%
21. Gerald S. Moss
  • Title: Dean of UIC College of Medicine
  • Employer: University of Illinois-Chicago
  • Qualifications: M.D.
  • Annual Pension: $266,394
  • Employee Contributions: $475,674
  • Age at Retirement: 70 (Retired 2004)
  • Pension Paid to Date: $2,028,208
  • *Estimated Lifetime Pension Payout: $3,751,356
  • Percentage of Lifetime Estimate Paid by Employee: 12.7%
22. Nick Holonyak, Jr.
  • Title: Professor Emeritus of Electrical and Computer Engineering (Invented LED lighting)
  • Employer: University of Illinois at Urbana-Champaign
  • Qualifications: Ph.D.
  • Annual Pension: $266,257
  • Employee Contributions: $125,718
  • Age at Retirement: 84
  • Pension Paid to Date: $198,358
  • *Estimated Lifetime Pension Payout: $198,358
  • Percentage of Lifetime Estimate Paid by Employee: 63.4%
23. Reginald L. Weaver
  • Title: President (Current)
  • Employer: National Education Association
  • Qualifications: N/A
  • Annual Pension: $265,158
  • Employee Contributions: $264,894
  • Age at Retirement: 69
  • Pension Paid to Date: $1,355,105
  • *Estimated Lifetime Pension Payout: $4,394,843
  • Percentage of Lifetime Estimate Paid by Employee: 6.0%
24. Maureen L. Hager
  • Title: District Superintendent
  • Employer: North Shore SD 112
  • Qualifications: Ed.D.
  • Annual Pension: $263,741
  • Employee Contributions: $277,774
  • Age at Retirement: 58
  • Pension Paid to Date: $1,132,953
  • *Estimated Lifetime Pension Payout: $9,186,752
  • Percentage of Lifetime Estimate Paid by Employee: 3.0%
25. Jonathan E. Lamberson
  • Title: District Superintendent
  • Employer: Riverside SD 96
  • Qualifications: Ed.D.
  • Annual Pension: $262,516
  • Employee Contributions: $370,166
  • Age at Retirement: 58
  • Pension Paid to Date: $218,764
  • *Estimated Lifetime Pension Payout: $10,339,571
  • Percentage of Lifetime Estimate Paid by Employee: 3.6%

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