Taxpayers pay once for state politicians’ salaries and another 1.5 times for their bankrupt pension system. In 2017, taxpayers will contribute the equivalent of nearly $123,000 for each lawmaker just to keep the General Assembly Retirement System afloat.
The pension fund for Illinois lawmakers is the state’s most insolvent system. Taxpayers bail it out every year. If they didn’t, the General Assembly Retirement System, or GARS, would only have enough assets to pay retired politicians for another 2.5 years.