Illinois Lawmakers and General Assembly Pensions
WBGZ Radio 2/16/2021 | By Greg Bishop - Illinois Radio Network Illinois taxpayers pay more than $2.1 million a month to retired state legislators or their surviving spouses from a fund that’s only 16% funded. The individual monthly payouts are as high as $18,000 per month. Some pensioners aren’t actually retired but still getting paid. There are 425 people drawing off the General Assembly Retirement System, ranging from $122 a month to $18,000. At 16% funded, state Rep. Mark Batinick, R-Plainfield, said GARS is the worst of the state’s five public sector pension funds. “You got ther...
Source: altondailynews.com