The previous posts on local government pensioners (http://district100watchdog.blogspot.com/2011/12/local-government-pensions.html ) indicates that Belvidere School District 100’s “business managers” receive both IMFR and Teachers’ pensions.
I trust that this is completely legal but is this fair to the taxpayers? Did each of those systems use those “six figure” last years salaries in calculating their respective pensions? If so—is that double counting?
Look at the numbers.
Biesladecki, James P. $80,878 TRS 23 years
Biesladecki, James P. $29,603 IMFR 11 years
Metz, James D. $11,053 TRS 4 years
Metz, James D. $10,810 IMFR 7 years
2 comments:
If both systems used the same "six-figure" salary, wouldn't the IMRF payouts be similar to the TRS ones?
No--TRS and IMFR use a differnt formula for pensions plus the # of years of service is different for these individuals TRS vs. IMFR pensions. Please understand the question of using the same income figures is being raised. We do not know that for a fact and don't know how to find out.
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