Illinois job creation lagged the national median in nearly every sector.
Illinois pensions 101: Paltry contributions yield million-dollar payouts
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.
Five reasons why Madigan’s pension fix is a step backward
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...
More than 50% of Illinois’ nearly 200K government pensioners retired at age 59 or younger
Illinois government workers are able to retire before the age of 60 while collecting most of their final average salary.