Search
 

Some elected officials in IL getting sweet pension deal

Hundreds of elected county officials throughout Illinois enjoy far more generous pension plan benefits than those offered to other government workers, according to a published report.

By Associated Press | Updated on April 11, 2011

CHICAGO (AP) — Hundreds of elected county officials throughout Illinois — including some who earn more than $100,000 despite working only part time for a portion of their careers — enjoy far more generous pension plan benefits than those offered to other government workers, according to a published report.

The Chicago Tribune reported Sunday that lawmakers tightened the rules in the late 1990s, but not before about 750 people joined a pension plan that allowed them to reap benefits otherwise reserved for elected county officials. More than 500 of the 750 people who joined the pension plan have since retired, according to the Tribune, including 17 whose initial pensions were more than $100,000.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.