Illinois pensioners are facing a haunting reality this Halloween: pension funds are suffering from a 50% under funding burden that is weighing heavily on local and state government budgets. Bond Buyer reports in just one-year public pension liabilities grew by over $17 billion between fiscal year 2015 to 2016.
Illinois published a report by the Public Pension Division of the Illinois Department of Insurance that provides a comprehensive analysis of the 671 public pension funds in the state. The results … Read More