Z-gram 04: Retired teachers don’t want to pay IL pension taxes either – 17,483 live elsewhere.

Who can blame them? I’m thinking about moving out of Illinois too. I mean it is obvious that the politicians in IL are not going to solve the real long-term pension problem which is an unfunded pension liability of $200 billion plus. In fact they aren’t going to solve a much smaller problem that does not exist – a $95 billion unfunded liability. What they are going to solve is a serious political problem – how to declare victory over the pension problem this year, get Lisa Madigan elected governor next year and kick the pension down the road even further.

All of which means much higher taxes for IL citizens as their incomes get whiplashed by internet sales taxes, increased income taxes, increased property taxes and soon sales taxes on services. So that is taxpayers must pay the pensions with taxes, taxes, taxes and more taxes. Missouri is looking better and better.

So where do the brunt of the retired teachers move to? Florida of course which has no income taxes. Good choice.

Here is the list by state:

State  Retirees  Total Annual Benefit
Florida                3,497                            161,871,005.52
Arizona                1,632                              76,771,753.08
Wisconsin                1,587                              70,552,028.64
Indiana                1,291                              56,546,577.24
Missouri                1,220                              47,965,763.40
Texas                    755                              27,531,657.12
Michigan                    705                              31,684,496.76
California                    684                              23,364,043.68
Colorado                    618                              25,392,349.92
Tennessee                    565                              23,529,561.96
Iowa                    528                              20,121,539.28
North Carolina                    498                              20,127,715.68
Arkansas                    360                              14,481,894.96
South Carolina                    329                              15,722,049.72
Kentucky                    307                              10,960,424.16
Minnesota                    303                              10,363,107.96
Georgia                    299                              11,504,339.28
Nevada                    250                              11,950,798.32
Ohio                    225                                6,808,435.44
Washington                    217                                8,550,650.16
New Mexico                    180                                7,278,198.24
Virginia                    176                                6,523,305.96
Alabama                    153                                6,198,519.24
Oregon                    142                                4,819,328.52
Pennsylvania                    113                                4,072,428.84
Oklahoma                    109                                3,282,905.64
Kansas                    107                                3,751,617.24
Mississippi                      98                                4,081,107.36
New York                      85                                2,728,372.32
Utah                      59                                2,343,059.40
Maryland                      58                                2,055,659.76
Montana                      58                                2,118,998.40
Nebraska                      54                                1,879,560.36
Massachusetts                      52                                1,617,284.28
Idaho                      51                                1,872,295.92
Foreign                      49                                1,597,833.12
South Dakota                      45                                1,866,250.20
Louisiana                      43                                1,336,570.20
New Jersey                      41                                1,193,330.64
Wyoming                      41                                1,986,274.20
Maine                      39                                1,705,854.84
New Hampshire                      37                                1,239,019.56
Connecticut                      32                                1,019,444.04
Hawaii                      32                                1,571,856.36
Vermont                      21                                    792,958.68
Delaware                      18                                    707,020.44
Alaska                      16                                    749,193.84
North Dakota                      15                                    440,825.76
Puerto Rico                      15                                    323,760.60
Unknown                      10                                    173,721.96
West Virginia                         9                                    333,865.08
Rhode Island                         6                                    250,518.72
Virgin Islands                         4                                    139,844.88
Washington DC                         4                                      60,611.76
All other              17,842                                  747,911,589
Illinois              77,144                            318,914,806.89

1 Comment

  • Wolf says:

    The time is way overdue to address the massive corruption and fraud in the entire Public Sector. These are not valid pensions, staffing levels or compensation levels in any real economy but rather the epitome of fraud personified in every aspect. Just examine any Public Sector Labor Agreement and the fraud is sitting there in Black and White. The Public Sector fraud, 50% over staffing and compensation levels plus the multi-million dollar pension packages is destroying the nation at the Federal, state and local levels. Unless there is major restructuring and reform of these operations in the near term the total bankruptcy is assured. Even our national debt is already over $20 Trillion (Treasury and Fed) and we have been adding over $2 Trillion annually. Clearly the corruption and incompetence is exceptional in this Public Sector at every level. Add to this a dysfunctional Public Education System that benefits its members richly but destroys the life of the students and one has the perfect Political System similar to what Stalin and Mao practiced.

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