Increasing State Employee Retirement System costs fall on the backs of Illinois taxpayers
Employee contributions to the State Employees’ Retirement System, or SERS, have gone up by 66 percent since 1998. During the same time period, taxpayer contributions to state employee retirements increased by 593 percent. In 2012 alone, Illinois taxpayers contributed $1.1 billion more to SERS than state employees did. And the disparity between taxpayer and employee...