How many collecting Illinois pensions have moved to other states, and how much did they take with them? – Daily Herald

More than 71,000 people collecting public pensions from six statewide retirement plans have moved out of Illinois, taking more than $2.4 billion annually with them.
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Andrew Szakmary
4 years ago

That pensioners whose income is not taxed in Illinois are moving out of state only underscores the argument that out migration is not tax related. I am one of those SURS members who moved out of Illinois despite paying higher taxes in my new state – because I was offered a 30% pay raise, and better higher education benefits for my children, and these more than offset the higher taxes I had to pay. Now that I am collecting my SURS pension I am paying a 5.75% tax rate on every dollar of it here in Virginia.

debtsor
4 years ago
Reply to  Mark Glennon

State income tax isn’t the only tax. There are ridiculously high local property taxes, 10% sales taxes (in Cook, slightly less in collar counties), cigarette taxes, liquor taxes, gas taxes, $1.00 tolls just to use the federal highway system to get around the suburbs….and so on, and so on…It’s way less over the border in IN and WI and IA. My spouse got a small one time $1,200 ‘bonus’ at work last month. After taxes, it *might* enough to cover the expected 10% increase in property taxes on my $350,000 home. So difficult to get ahead when every extra penny… Read more »

Rick
4 years ago

Finally!!! Someone dug up the stat I’ve been wanting to see for years. All those monthly pension checks leaving Illinois, a big number. All the spending of those checks nowhere near Illinois, another big number. All the spending of those pension checks not on Illinois property taxes, another big number.

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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