How to get more than your fair share from an Illinois pension – Illinois Policy

Illinois taxpayers must eventually fill a $313 billion hole to pay all the promises made to those roughly 1 in 10 Illinois adults covered by a statewide pension plan, but some retirees will take more than others because they figured out how to game the system.
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Fed up neighbor
3 years ago

Work a day then retire and your golden

Old Joe
3 years ago

When some future Edward Gibbon writes his magnum opus on Illinois, he’ll gave a chapter dedicated to public employee pensions.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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