Retirement pensions worth $ 100,000 for 32,000 retirees highlighting

Another brick in the collapsed edifice, the retirement system in Illinois, fell out of place.

Received the new state data analyzed by the Illinois Policy Institute, a non -profit research organization, highlighting the generous pension system “Level 1”.

Last year, 22 retirement Illinois Government employees have received annual pensions of more than $ 400,000, according to the Information Freedom Law request by the Illinois Policy Institute. After these 22 names are another 32,000, they received annual pensions of $ 100,000. This revelation comes at a time when the debts of the Illinois government are approaching 145 billion dollars, which is the highest percentage in the country.

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The pension “level 1” provides generous benefits – including early Retirement Civil, higher payments, and complex annual increases – which many experts have been considered financially and unrealistic amid increasing pension obligations in the state.

JB Pritzker’s office did not respond to the Fox Business request immediately for comment. Illinois and the Senate did not respond to the requests for comment.

Visitors wander around the Cloud Gate, known as Bean, in Millennium Park on June 23, 2024, in Chicago. (Armando L. Sanchez/Chicago Tribune/Tribune News Service Via/Getty Images)

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Illinois ranks last among all states in terms of its funding percentage of pensions – the amount of money that he has allocated to what the retirees owe.

The financial situation places a heavy burden on taxpayers, who also face some of the highest property taxes in the country. The average actual property tax rate in the state is about 2.11 %, which is more than 1.02 % twice the national average.