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  • ILLINOIS’ PENSION BONANZA: INVEST $166K, TAKE HOME $5.5M

    06/16/2023 9:15:23 AM PDT · by DUMBGRUNT · 45 replies
    Illinois Policy ^ | 15 june 2023 | Patrick Andriesen
    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...