Top 20 Local Government Units Paying the Most for Pension Spiking Costs

The Better Government Association recently published its findings from an investigation into pension spiking in Illinois and the impact reforms have had on the controversial practice.

While laws have been enacted to deter pension spiking–a practice in which public employees nearing retirement are awarded pay raises to boost pension payouts –taxpayers continue to be saddled with artificially inflated pension costs.

Since the Illinois General Assembly’s passing of a 2012 law that gives municipalities three years to fully fund added retirement benefits that result from pension spiking, more than 450 government entities now owe nearly $29 million to the Illinois Municipal Retirement Fund, the BGA found.

Here are the top 20 government entities in Illinois paying the most for pension spiking costs. A data table with all 458 government bodies and the amount each owes is included.

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