Sticker Shock: Illinois' Public Pension Crisis

04/29/2011 10:06 am ET | Updated Jun 29, 2011

While a growing number of everyday people worry about having enough to live on after they retire, some of the state's best-known politicians, including former governors and lawmakers, are reaping hefty and guaranteed annual pension payouts backed by Illinois taxpayers.

A Better Government Association investigation found that 27 of the 286 retired office holders--or nine percent--are enjoying annual pensions of more than $100,000. In some cases, retirees draw their pensions while also working in other government-related posts or lucrative private-sector jobs.

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