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.
Will County became the first county to use new taxing authority under Illinois Gov. J.B. Pritzker’s capital plan, adding a new countywide gas tax of 4 cents per gallon atop state and local gas taxes.
Illinois’ pension crisis is the nation’s worst. Maybe that’s because elected officials take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.
Included in Gov. J.B. Pritzker’s capital plan is increased taxing power for some county governments to create or raise countywide gas taxes. Will County could be the first to exercise that authority.
Illinois has nation’s worst pension debt. Maybe that’s because state lawmakers take a problem they aren’t sure exists, apply a solution they don’t know will work and never determine the cost.