Illinois pension debt
With a month-and-a-half left in the General Assembly’s spring session, Gov. JB Pritzker’s administration is readying its proposal to address Illinois’ chronically underfunded pension system. But the governor this week also acknowledged in the strongest terms yet that any plans to finally get the state on track toward fully funding retirement plans for public school…
Read Full Article It is bad Illinois has the nation’s worst pension crisis, but state politicians have made it worse by using risky debt to delay the day of reckoning, and done so to the point that Illinois now owes 30% of the nation’s pension obligation bonds. Pension obligation bonds are a form of debt used by state or local…
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