Wednesday, April 25, 2012
Phil Kadner: Illinois Legislators don’t deserve state pension benefits - They are part-time employees
Illinois lawmakers ought to give up their state pensions.
Legislators are part-time employees, but they make nearly $70,000 a year and in some cases can qualify for a pension after as little as four years in office at age 62. If they were elected before 2011, they can retire at 55 and collect a pension after eight years of service.
Those pensions (like all pensions in Illinois) are not subject to the state income tax, and lawmakers also get health insurance benefits after they retire.
CLICK HERE TO READ THE FULL ARTICLE BY PHIL KADNER