Illinois' pension fund is woefully under-funded, with assets $185.6 million short of liabilities, according to A Better Government Association.

PositionPeople & Politics - Brief article

Illinois' pension fund is woefully under-funded, with assets $185.6 million short of liabilities, according to A Better Government Association. The group found that 27 of 286 retired officeholders are drawing pensions of more than $100,000 a year, some while holding down other jobs. Former Senator Arthur Berman leads the pack. His combined pension, from 31 years in the General Assembly (which ended in 2000) and a later job with the Chicago Public Schools, is $203,428 a year. Former Governor Jim Edgar receives $134,843 from the state for his service between 1991 and 1999, along...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT