For the Good of Illinois

OpenTheBooks – The Case For Federal Pension Transparency

June 26, 2017 07:29 AM

OpenTheBooks Presents:
THE CASE FEDERAL PENSION TRANSPARENCY

1

OpenTheBooks – The Case For Federal Pension Transparency
Download a PDF copy of our Oversight Report click here.

 

Key Findings


1. Federal employee pensions have a $3.5 trillion-dollar unfunded liability (source: Moody’s). 

2. Retirement pensions for federal employees are hand calculated on paper in a windowless Cold War-era underground complex in Pennsylvania. 

3. Federal employee pensions cost taxpayers $125 billion annually – that’s more than the entire state budget of Texas. 

4. Federal courts have consistently ruled that disclosing federal pension amounts of retired congressional representatives and senators violates their privacy rights. 

5. Forcing open the federal pensions will require an act of Congress. Congressman Ron DeSantis (FL-6) spearheaded a bill which would require the disclosure of pension records under the Freedom of Information Act. 

6. Public pension transparency in states such as California, Illinois, and New York proved the public interest benefit of exposing waste, fraud and taxpayer abuse. 

2 MILLION CIVIL SERVICE FEDERAL EMPLOYEE SALARIES & BONUSES

Public employee salaries and bonuses are subject to the federal Freedom of Information Act. Legislation is needed to open the books on the retirement pensions.

2  3

Use our interactive map to review the 2 million salaries and bonuses of all Federal civil service employees by work location ZIP code. Click here to go to the map, then click a pin and ‘scroll-down’ to see the results rendered in the chart below the map. 


4

Read the legislation: Taxpayer Funded Pension Disclosure Act, click here.

Sponsor: U.S. Representative Ron DeSantis (FL-6)

 
 

Back

 

Comments

 

Rate this News Article:



 
   Indicates required field
Name
 
City
 
Email
 
State
 
Comment
 

2000 characters left

Please enter text you see below
 

Vern Messer
Concord, NC
9/11/2017 06:12 AM
 

  This lunacy and waste on an industrial scale are grounds to support the Convention of States movement to amend the Constitution by the States.