All Taxpayers Paying Into Illinois Pensions

In addition to Cook County taxes suburban taxpayers are paying $2,000 a year for Illinois’s pension debt. Illinois public pension debt grows to $140B (illinoispolicy.org)

The City of Chicago’s 4 pension plans are underfunded by 34 billion dollars.

Home – Illinois Public Pensions Database (illinoisanswers.org)

Retirees are living longer, and the state, county, and city are all paying out more benefits per retiree than they are taking in contributions from current employees. Over 20 billion dollars in benefits is paid out annually. With half of the retirees living in other states the local economy loses 10 billion in retiree spending annually. Public pensions in Illinois - Ballotpedia

Federal Aid during Covid kept these pensions going however that aid is ending. Illinois Forward 2023: Only pension, budget reform can save taxpayers when federal aid ends | Illinois Policy

These are more reasons why the only relief taxpayers will get is with two new counties. As people continue to move out of Illinois the cost of these pensions to taxpayers will keep growing. Illinois pension fund liability jumps 19% | Pensions & Investments (pionline.com)

Forming two new counties will not stop the state of Illinois from its taxes, however we can and will limit taxation. You’re using weekly after income tax dollars to pay this additional money.

Visit us at www.dividecookcountyinto3.com