Commenter Scott Coffey posted this comment on the McHenry County Blog post: Census Bureau Reports Illinois Losses from Depopulation
As to the question surrounding how much in public pensions stays within the State, I thought this might be useful from the TRS annual report:
TRS benefit payments largely stayed in Illinois and created economic activity throughout the state
that helped support more than 41,000 jobs.
In all, economic models show that TRS benefits created a $3.8 billion economic boost to the State of Illinois.
Last fiscal year “TRS benefit payments” totaled $6.2 billion. So TRS’ own estimates indicate only a $3.8 billion economic boost on $6.2 billion in payouts.
At this point, the State would get a bigger bang for its buck if it just dropped $6.2 billion One Dollar bills from helicopters all over the State.
At least that cash would get spent here in Illinois.