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I ran across that Forbes article yesterday as well... amazing data: "71,000 public employees at every level of Illinois government received six-figure paycheck
by mrnobody_67 6y ago
I ran across that Forbes article yesterday as well... amazing data:
"71,000 public employees at every level of Illinois government received six-figure paychecks. Additionally, 23,000 retirees pulled down more than $100,000 in annual pensions."
- altoidaltoid 6y agoConsider also that alot of retirees don't stay in Illinois as well. So other states are benefiting from the discretionary spending funded by Illinois taxpayers
- mlthoughts2018 6y agoWhy would that be a problem? The salary & pension are compensation for the career of labor. No part of the pension that person _earned_ is owed back to the original state. That doesn’t make any sense.
- mikepurvis 6y agoWhen the pension is an unfunded liability, it does change the calculus if everyone receiving it will be spending it off in Florida and not back into the local economy that's paying for it.
- jdkee 6y agoIllinois also guarantees a 3% COLA regardless of inflation which leads to a doubling of direct pension benefits within 24 years. Not to mention the pension spiking among many administrators in the last four years of employment. It is criminal.
- mlthoughts2018 6y agoWhat about this seems wrong or strange? That seems completely and utterly reasonable to me.