The Daily Herald writes of retired public employees moving out-of-state.
It certainly is not because their retirement income is taxed.
Although groups like the Civic Federation keep pounding the drum for taxing retirement income. the Illinois General Assembly did not follow such advice in its tax raising orgy this past spring.
One can only image how much higher the figures would be if Democrats do that.
You can read the article by Jake Griffin by clicking on the link below:
How many collecting Illinois pensions have moved to other states, and how much did they take with them?
More than 71,000 former public employees collecting more than $2.4 billion in annual pension benefits no longer live in Illinois. Full Story
About 10% of such retirees in other states migrate.
22% of those who receive pensions from the university system leave Illinois.
The figure for teachers is 21%.
14% for local government employees, while 13% for state employees.
No surprise that those who move generally have higher pensions.
The loss of spending power in Illinois from the 71,000 who have moved is more than $2.4 billion.
The recipient states in order of dollars lost are
- Over a half a billion dollars ends up in Florida.