Illinois’ public pensions are worst funded in nation
https://www.illinoispolicy.org/three-peat-illinois-pension-system-last-place-for-3rd-year-in-a-row/ Excerpts: Low funding ratios mean less certainty because it means the state does not have the money to pay out what it promised. If liabilities continue to grow faster than assets, this funding ratio shrinks. But even before insolvency hits, low funding ratios still hurt the state. Just like failing to pay off credit […]

