Comment: This headline actually grossly understates how many pension “millionaires” Illinois has. The average pensioner retiring today after a full thirty years of service gets a pension of over $72,000 for teachers, $78,000 for state university workers, and $145,000 for judges. See details here. The current cash value of an annuity like that is well over $1 million, not even counting healthcare benefits and COLA adjustments.