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Thursday, April 25, 2024

Here are the 15 former employees of the Village of Steger receiving the highest annual pension payouts

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Here are the 15 former employees of the Village of Steger receiving the highest annual pension payouts, according to 2015 Illinois Municipal Retirement Fund (IMRF) records:

Name
Total saved over career
Projected Total Collections
Year Retired
Years Retired
Total Collected (Retirement through 2016)
2016 Pension
Original Benefit
Burkey, Franklin D.
$36,509
$3,707,082
2009
7
$502,647
$68,801
$56,861
Cox, William G.
$55,472
$2,768,565
2013
3
$175,882
$45,702
$42,612
Stultz, Richard L.
$81,462
$1,618,154
2013
3
$102,948
$26,709
$25,079
Myers, Paul Edward.
$39,232
$1,231,402
2013
3
$78,304
$20,326
$19,040
Nardi, Stephen M.
$27,943
$844,027
2008
8
$131,086
$16,123
$13,135
Sherman, Louis
$24,932
$959,443
2013
3
$60,894
$15,839
$14,700
Kowalik, Deborah I.
$33,148
$839,824
2012
4
$123,833
$13,240
$26,601
Haney, Patrick J.
$23,038
$721,343
2010
6
$84,112
$13,004
$11,067
Riddle, James T.
$12,723
$744,264
2015
1
$22,859
$11,584
$11,274
Stout, Michael A.
$19,241
$499,087
2012
4
$40,237
$8,485
$7,679
Zeman, Mildred
$0
$101,324
1983
33
$86,877
$4,538
$2,303
Porter, Richard
$3,475
$141,150
1999
17
$51,690
$3,458
$2,306
Melville, Irene N.
$8,491
$154,529
1996
20
$85,704
$3,315
$2,094
Heldt, Larry L.
$5,141
$139,819
2012
4
$11,276
$2,377
$2,156
Martinez, Albert
$3,904
$98,223
2012
4
$7,913
$1,670
$1,502

Projected total collections assume 36 years of retirement.

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