Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

ILLINOIS’ PENSION BONANZA: INVEST $166K, TAKE HOME $5.5M
Illinois Policy ^ | 15 june 2023 | Patrick Andriesen

Posted on 06/16/2023 9:15:23 AM PDT by DUMBGRUNT

It’s good to be in the top 10 of an Illinois state pension plan: median contribution, $165,852; median lifetime payout, $5.5 million.

The top 10 pensioners in each of its five statewide systems has already received a median state pension worth $3.88 million since retiring. They are predicted to each collect about $1.62 million more during their lifetimes.

Workers who spend their careers working for Illinois collect the third-most generous retirement benefits in the nation. But the top 10 pensioners in each system earn more than double the median lifetime payout of these career pensioners.

Former Elgin School District 46 Superintendent Marvin Edwards contributed just $63,527 to his retirement. He’s collected $4.5 million since 2002.

(Excerpt) Read more at illinoispolicy.org ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: barf; illinois; sickinois; thegrift; theillinoisgrift
Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 last
To: dragnet2

I don’t care. It’s done. We won’t change it. I’m done talking about it. You can steam about it.


41 posted on 06/16/2023 2:24:52 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
[ Post Reply | Private Reply | To 39 | View Replies]

To: napscoordinator

“ The green with envy just pours out of you. Obviously you’re unhappy with your choice in life. Maybe you still have time to fix yourself.”
***************************************************************************

Wow, just WOW. You sound almost ecstatically happy about this situation. Kind of weird, IMHO.


42 posted on 06/16/2023 2:31:12 PM PDT by House Atreides (I’m now ULTRA-MAGA. -PRO-MAX’)
[ Post Reply | Private Reply | To 21 | View Replies]

To: House Atreides

I just don’t see a point in being disgruntled over others life choices.


43 posted on 06/16/2023 3:09:29 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
[ Post Reply | Private Reply | To 42 | View Replies]

To: napscoordinator
I don’t understand the disgust over this. Every person in the United States chose a career they wanted. For those who chose a different path, are you unhappy? Why didn’t you chose this path???? Every single person in the country could have done this.

I don’t care

You obviously care enough to defend this government corruption. You're part of the problem.

44 posted on 06/16/2023 3:39:06 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 41 | View Replies]

To: DUMBGRUNT

I think Illinois will not be able to continue that. They made promises that they did not lay up the money for.


45 posted on 06/16/2023 6:58:55 PM PDT by JoeRender
[ Post Reply | Private Reply | To 1 | View Replies]

To: DUMBGRUNT
Related update. Holy moly...

Fixing Chicago's Pension Mess

46 posted on 11/10/2023 3:38:23 AM PST by mewzilla (Never give up; never surrender!)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-46 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson