Each Illinois household on the hook for $56K in government-worker retirement debt

By Ted Dabrowski, John Klingner
03/23/2017
In 2012, the unfunded debt related to pensions and retiree health care costs for local and state government workers across Illinois was $203 billion, the equivalent of more than $43,000 per household. In just six years, the total debt Illinois households are on the hook for has jumped to $56,000, or 31 percent. That’s a $13,000 increase for each household. Total unfunded debt for state and local governments in Illinois now totals $267 billion.

TAGS: GARS: General Assembly Retirement System, JRS: Judges’ Retirement System, pensions, SERS: State Employee Retirement System, SURS: State Universities Retirement System, TRS: Teachers’ Retirement System

Taxpayers deserve say in the teachers’ union contracts they pay for

By Mailee Smith
03/21/2017
Negotiations between government-worker unions and governing bodies are conducted behind closed doors, away from public scrutiny. And yet taxpayers are required to pay for whatever extravagant benefits the unions obtain. Recently a bill in the General Assembly would have brought more transparency – and accountability – to the process, but it failed to make it out of committee.

TAGS: education, labor, transparency, unions