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HomeSpotlight Story | Bird’s Eye View | Budget & Taxes | Politics & Leadership | Governors | Hot Issues | Once Around the Statehouse Lightly
The shadow of unfunded public pension liabilities casts a menacing cloud over the otherwise mostly bright futures of U.S. states and municipalities. The situation is gravest in Illinois, where court rulings have stymied legislative attempts at reform...
As of 2013, Illinois had the most underfunded public pension system in the nation on a percentage basis, according to data from the Pew Charitable Trusts. The state only had enough assets in its pension accounts to cover 39.3 percent of its pension liability...