Top News

Pensions, salaries, pension: Illinoisans pay 2.5 times for their politicians

Ted Dabrowski and John Klingner Jan. 5, 2016, 8:22am

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.

Coming up short: What if Illinois’ pension funds miss their investment targets?

Ted Dabrowski and John Klingner Nov. 3, 2015, 12:33pm

Illinois has less than 50 cents of every dollar it needs to pay for teacher pensions.

Five things to know about Illinois’ unsustainable municipal pension fund

Ted Dabrowski and John Klingner Sep. 22, 2015, 11:25am

Everyone in Illinois knows that government-run pension debt threatens the state’s fiscal solvency, with debt for state-run pensions totaling more than $100 billion.

Why won't Illinois lawmakers reform their own pensions?

Ted Dabrowski and John Klingner Jul. 28, 2015, 10:03am

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.

Think tax hikes will fix Illinois’ pension crisis? Think again

Ted Dabrowski and John Klingner May 21, 2015, 8:00am