Which states are getting the most disability pensions?
The state of Illinois is set to give the most disabled pension plans in the country.
The Illinois State Board of Pension Plans has set up a task force to study the matter.
It will be led by retired Lt.
Lisa D’Alesandro, a Democrat.
D’Aelsandro said the task force will review the state’s disability pension programs and determine whether the current program is appropriate.
The task force is expected to issue its report in the fall.
The state has already set aside more than $1 billion in its Disability Pension Fund for disability retirees.
That amount will increase to $3.9 billion this year, which will be topped by $3 billion in 2021, the next year.DOLP officials have said that Illinois has one of the best disability retirement programs in the nation.
In 2016, it invested about $3 million a year into the Illinois Disability Retirement Plan, or IRPP, according to a news release.
That’s more than the state invested in the U.S. Department of Veterans Affairs Disability Retirement System.
Last year, the Illinois pension plan invested more than double that amount, according the release.