Illinois public pensions
August 11, 2021 | By NOAH SHAAR, Illinois Policy Institute
S&P Global Ratings upgraded Illinois’s bond rating for the first time in 25 years, but the slight bump came with harsh criticism of how Illinois handles its public pension funds. S&P agents argued the public pension systems are in danger because the pensions have massive obligations, the politicians won’t fix them and thousands of taxpaying Illinoisans are moving out.…
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