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The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement System: $97,713 $96,304 80.2% 7.5% 12 New Jersey Division of Investment: $80,486 $76,361 N/A N/A 13 Virginia Retirement ...
Even if he decided to take the $226,800 salary for the current fiscal year, Pritzker still wouldn't be among the state's highest paid employees.
Note that Washington, D.C., has the highest mean retirement income among retirees at $49,072, though you’d need more than twice that amount — $100,326 — to afford a comfortable retirement.
In 1947, the Illinois legislature required the IMRF staff to participate as members of the system. Later in that same year, the Illinois legislature mandated participation by all Illinois school districts (except those located in the city of Chicago) and all their employees except those covered by the Teachers' Retirement System of the State of ...
Missouri did much better in the analysis, capturing 13th place.
Illinois Municipal Retirement Fund; Illinois Public Pension Amendment; ... Pennsylvania State Employees' Retirement System; R. Retirement Systems of Alabama; S.