Illinois pensions by the numbers
Here’s a look at some Illinois pension numbers:
$85.6 billion: The gap between how much the state retirement plans have and how much retirees have earned, as of last fiscal year.
$38.6 billion: The pension deficit five years ago.
$15.6 billion: The pension deficit 10 years ago.
38.3 percent: How much the plans have compared to how much they’ll eventually need, as of last fiscal year.
90 percent: The rate at which state law says the state pension systems should be funded.
$48,844: The average annual pension for a retired Illinois teacher last fiscal year.
$27,792: The average annual pension for a retired Illinois state employee last fiscal year.
$33,960: The average annual pension for a retired Illinois university employee last fiscal year.
$112,553: The average annual pension for a retired Illinois judge last fiscal year.
$49,792: The average annual pension for a retired Illinois lawmaker last fiscal year.
Source: Commission on Government Forecasting and Accountability