Posts tagged "November 2"
Illinois Is Broke – and public employee retirement programs are at the root of the problem. Unfunded retiree-related obligations for public employees and retirees in State pension plans now total over $130 Billion – more than $25,000 per Illinois household. The funding requirements for these programs are growing – totaling Billions of dollars each year... Read more »
Illinois and its public employee pension plans owe $80 Billion in unfunded pension liabilities and another $13 Billion in outstanding pension debt – not to mention another $40 Billion in unfunded retiree health care liability. Total: over $130 BILLION. And growing… With enough years of service, Illinois State workers can retire at age 55 with... Read more »