62 former state lawmakers receiving more than $100K pensions

06/05/2020

Illinois’ broken pension system puts $100,000 a year or more into the hands of 62 former state lawmakers. It has paid more than $1 million to 94 of them.

TAGS: Arthur L. Berman, Barbara Flynn Currie, GARS: General Assembly Retirement System, Jim Edgar, lawmaker pay, Lou Lang, Pat Quinn, pensions

Illinois pensions 101: Paltry contributions yield million-dollar payouts

By Adam Schuster

01/17/2020

Across all five state retirement systems, typical career workers pay for about 5% of the cost of their pension benefits. They receive an average of $1.7 million to $3.6 million.

TAGS: Edgar Ramp, firefighter pensions, GARS: General Assembly Retirement System, government employees, government services, government unions, government workers, IEA-NEA: Illinois Education Association, IFT: Illinois Federation of Teachers, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, Jim Edgar, JRS: Judges’ Retirement System, municipal government, municipal pensions, pension guarantee, pensions, police pensions, public sector, retirement age, Rod Blagojevich, SERS: State Employee Retirement System, Social Security, social services, Springfield, SURS: State Universities Retirement System, tax hikes, tax increase, TRS: Teachers’ Retirement System

Illinois Tollway overcharged drivers $152K last year by not giving change

By Brad Weisenstein

01/10/2020

The Illinois Tollway is spending $33 million on toll machines, some of which can’t make change. The state agency’s legacy is broken promises, political patronage and overcharging Illinoisans.

TAGS: Bruce Rauner, corruption, George Ryan, I-Pass, ILGA: Illinois General Assembly, Illinois, Illinois State Toll Highway Commission, Illinois Tollway, Jim Edgar, Jim Thompson, Rod Blagojevich, Springfield, tollway

Former Chicago official had side job with red-light camera company

11/15/2019

The former deputy aviation commissioner had an undisclosed position as a sales representative for SafeSpeed LLC. The red-light camera vendor keeps emerging in federal probes.

TAGS: Board of Ethics, Chicago, Chicago Board of Ethics, Chicago City Hall, Chicago Department of Aviation, Cook County, Cook County commissioner, department of aviation, federal investigation, IDOT: Illinois Department of Transportation, ILGA: Illinois General Assembly, investigation, Jim Edgar, Martin Sandoval, red light cameras, SafeSpeed, Springfield

CTBA pension plan: Unsound, unfair and unaffordable

By Adam Schuster

11/26/2018

A pension plan pushed by one Illinois think tank fails to reform the state’s broken pension system and risks repeating costly mistakes. Gov.-elect J.B. Pritzker shouldn’t be fooled and should instead endorse meaningful, lasting reform.

TAGS: CTBA: Center for Budget and Tax Accountability, debt, Edgar Ramp, JB Pritzker, Jim Edgar, municipal pensions, pension guarantee, pensions

58 former Illinois state lawmakers collecting six-figure pensions

11/06/2018

Former lawmakers receive generous benefits from the state’s worst-run retirement fund.

TAGS: Arthur L. Berman, COLA: cost of living adjustment, GARS: General Assembly Retirement System, Jim Edgar, lawmaker pay, pensions

Damage from Edgar ramp obscured by dotcom boom

By Ted Dabrowski, John Klingner

10/25/2016

Former Gov. Jim Edgar’s pension compromise with House Speaker Mike Madigan in the 1990s set the state’s pension funds down an unsustainable road.

TAGS: Edgar Ramp, Jim Edgar, pensions

Former Gov. Edgar’s ‘compromise’ pension plan led to Illinois’ fiscal crisis

By Ted Dabrowski, John Klingner

06/09/2016

Under former Gov. Jim Edgar’s pension ramp, unfunded pension liabilities have increased nearly $100 billion despite taxpayers contributing $16.4 billion more to the five state-run pension systems than required under the Edgar plan.

TAGS: Jim Edgar, pensions

Five reasons why Madigan’s pension fix is a step backward

11/29/2013

There’s immense pressure on Illinois legislators to pass a pension bill. With the state pension system nearing insolvency and credit agencies warning of further downgrades, the perceived wisdom is that any pension fix, no matter how small, is a “step forward” that must be passed. But when it comes to pension reform in Illinois, that...

TAGS: COLA: cost of living adjustment, Jim Edgar, Pat Quinn, pensions, retirement age

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total general funds pension costs, including pension bond...

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Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective

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Susie Warden

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students