Monthly Archives: December 2015

Choosing Among Bad Options to Fix Our Pension Mess

So now we know that next year the State of Illinois will have to shell out 24% of its state budget just to pay pensions, and we strongly suspect that we’re having smoke blown at us if we believe the … Continue reading

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Is the Underfunding of Our Pensions 3 Times More Than Advertised?

We’re being told that our public pension plans are underfunded by $111 billion. That’s bad enough, but what if the underfunding is actually 3 times that amount? Continue reading

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19% of Illinois’ Budget Goes to Pensions, and That Number is Going UP

24% of Illinois’ 2017 budget will go to fund the state’s 5 pension plans. Is it any wonder that state services are falling by the wayside? Continue reading

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