This is a premium article. Please subscribe to view all content.


Fast facts: Illinois pension systems by the numbers

Kevin HoffmanReboot Illinois

Mar 28, 2016

Since 1996, Illinois has appropriated $67.3 billion to the state’s five retirement systems, according to the General Assembly’s Commission on Government Forecasting and Accountability.

The Teachers’ Retirement System has received nearly 52 percent, or $34.9 billion, of state pension payments over the past 20 years, while the much smaller Judges’ and General Assembly Retirement Systems have been appropriated the least.

State Appropriations FY15-16

Based on the actuarial value of assets, which includes asset smoothing effects, the combined funded ratio of all five systems was 40.9 percent with $112.89 billion in unfunded pension…

No subscription? You’re missing out.

Join us. There has never been a more critical time to Reboot Illinois...

share to facebook share to twitter comment
Be the first to respond to this quote.
Add a Comment commt