Illinois taxpayers pay more than $2.1 million a month to retired part-time state legislators or their surviving spouses from a fund that’s only 16% funded. The individual monthly payouts are as high as $18,000 per month. Some pensioners aren’t actually retired but still getting paid.
There are 425 people drawing off the General Assembly Retirement System, ranging from $122 a month to $18,000.
At 16% funded, state Rep. Mark Batinick, R-Plainfield, said GARS is the worst of the state’s five public sector pension funds.
Author(s): Greg Bishop
Publication Date: 14 February 2021
Publication Site: The Center Square