"But the municipal pensions demonstrate government pensions can be responsibly administered in Illinois. Among the 3,124 regular municipal retirement fund employers, 949 plans have 100 percent of the money on hand to pay what is owed, and then some."
The payouts are much lower than what most Illinois pensioners get. In a broader report, the average pension benefit for state and local public employees in Illinois was given as $3,129 per month or about $37,547 annually (for the group overall) in one “Pensionomics” analysis.
This is what the cops, teachers and firemen should get paid and then they would be funded. Many of them get over $100,000 per year.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The payouts are much lower than what most Illinois pensioners get. In a broader report, the average pension benefit for state and local public employees in Illinois was given as $3,129 per month or about $37,547 annually (for the group overall) in one “Pensionomics” analysis.
This is what the cops, teachers and firemen should get paid and then they would be funded. Many of them get over $100,000 per year.