By: Diane Benjamin
The below proves yet again why you should vote NO to the Democrats Constitutional Amendment for a progressive income tax. Pensions Pensions Pensions!
Below are the top 31 pensions being collected in Illinois. Keep in mind, these people aren’t working for a dime they are currently receive. An organization called Taxpayers United of America put the list together.
SURS is the retirement fund for the State Universities Retirement System. It is easy to see why Illinois colleges aren’t affordable! The SURS funding percent is in the low 40’s and heading the wrong direction: PDF page 15 http://www.surs.com/sites/default/files/pdfsx/avr19.pdf
TRS is the Teacher’s Retirement System. TRS funding is even worse, slightly over 40%. PDF page 3 https://www.trsil.org/sites/default/files/documents/fy19_2.pdf
Instead of sustainable reforms to Illinois pensions, Democrats want to raise your taxes before the plans go bankrupt.
I’m sure every person below will say they earned this benefit. This is why people will continue to move to tax friendly states. Nobody asked us is we wanted to pay the bills. Pensions aren’t taxable in Illinois, these people will vote YES on the Amendment so their free state income will continue.