Thursday, August 23, 2012

Illinois has worst unfunded pension liability in the US

Think California is in the worst financial shape of any state in the US? It would be but for Illinois--

Governor Quinn Issues Statement on Critical Need for Pension Reform: ""Illinois has an unfunded public pension liability of $83 billion – the worst in the nation. “Each day we wait to enact comprehensive pension reform, the problem gets worse. The unfunded liability will grow to more than $92 billion by the end of next fiscal year. Illinois is currently on track to spend more on pensions than education by 2016 . . . . "


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