State Data Lab, a project by Truth In Accounting, featured Taxpayers United of America’s recent JRS data release.
Includes “… “Our analysis of JRS reveals more of the same taxpayer abuse that we have found across the state’s government pension system. Not only do these judges benefit from the redistribution of taxpayer wealth, they also rule in their own favor to protect the Illinois pension cabal when practical, necessary reforms are challenged in the courts. This system is ripe with conflicts of interest and corruption and it is protected at every level of a government that chooses to serve itself rather than the constituents it was intended to protect…”
Government pension plans are just not sustainable. I can see the government making not too generous matching payments to a 401K but not the way they are currently structured. The pyramid is upside down and the taxpayers are left paying for the retired but unable to afford current employees.