State of Illinois’ Pension Debt Jumps To $130 Billion
Each household in Illinois now owes more than $27,000 in state pension debt. Pension payments are now crowding out other government services as the potion of the state general fund has risen from less than 3% in 1996 to almost 25%.
The Illinois Policy Institute does a nice job of explaining it. illinoispolicy.org
Illinois Policy institute “DEFENDING THE INDEFENSIBLE: IMRF DIRECTOR ON PENSIONS”
https://www.illinoispolicy.org/defending-the-indefensible-imrf-director-on-pensions
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