Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
This is one possible way the pensions should be calculated. With her $377,529 in contributions and actuarial expected returns of 7.5% pension would be $28,314.67 for year one plus 3% compounding= $29,164.11 and so on. This is still better than S.S. Plus you add in lifetime healthcare for many? I would love to have $377K in savings making 1% but getting 50 to 75% plus 3% compounding returns is ludicrous. To top that much of the pension money went to political pet projects or “Diverted” to something else like salary increases thus in part creating underfunding and getting meager returns.… Read more »