A sustainable state pension system is critical to every Illinois resident. Reasonable and properly-funded state pensions help recruit and retain qualified public employees to work in our schools, universities and state agencies. Upon retirement, state pensions should provide a secure level of income for these workers – many of whom do not participate in Social Security. The pension system must also be affordable – both for employees and for the taxpayers who support it. Annual state pension contributions must be attainable without requiring unaffordable tax increases or significant cuts in other essential state services.
Illinois’ state pension system is made up of five pension plans that provide pension benefits for downstate and suburban teachers, public university and community college workers,employees of state agencies, members of the General Assembly and judges.