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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%