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"State sovereignty, national union" 5 ILCS 460/5 [notes 2] 1818 [6] Nickname "The Prairie State" Traditional [3] Pet: Shelter dogs and shelter cats: 5 ILCS 460/47 2017 [1] Pie: Pumpkin pie: 5 ILCS 460/100 2016 [1] Prairie grass: Big bluestem (Andropogon gerardii) 5 ILCS 460/55 1989 [3] Reptile: Painted turtle (Chrysemys picta) 5 ILCS 460/90 ...
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees. [1]
Previously, the retirement age was 60 for men, 55 for female civil servants, and 50 for female workers. [33] The 2024 change marked the first increase of the retirement age since the 1950s. [34] The retirement age will apply to men born in and after 1965, female civil servants born in and after 1970 and female workers born in or after 1975.
Illinois is the state with the fifth highest GDP in the U.S., and residents have an above-average... 6 Reasons You Need at Least $630K (Plus Social Security) To Retire in Illinois Skip to main content
Getty Images By Dave Bernard The magical age 65 that signaled retirement time for our parents might not hold true for the baby boomer generation. Sure the idea is appealing to call it quits before ...
Planning to retire at 55 is different from planning to retire at 65 or older for one very important reason: You’ll need more money to last you through your old age.
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The Illinois Public Pension Amendment was a proposed amendment to the Illinois state constitution. On November 6, 2012, Illinois voters rejected it in a statewide referendum. [1] A legislatively referred constitutional amendment, if approved, it would have amended the Constitution of Illinois. [1]