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AARP in the States | Snapshot: State Employees’ Retirement System of Illinois

The funding of public employee pensions is
shared by employees and employers. New SERS
employees contribute 4% or 8% of their pay into
the fund, depending on if they are covered by
Social Security. Over time, investment income
earned by the fund does most of the work. In
fact, between 1993 and 2014, taxpayers paid
only 30.4% of the cost of benefts.

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