Bump!
Well here we are a year later, and Illinois pols have yet to do a damned thing to reform the pension system. The amount it's underfunded now approaches $100 billion, and
is growing by $17 million per day because nothing is being done.
And today
the SEC accuses Illinois of security fraud for hiding from investors the true state of the pension system.
As pensions eat up an ever-larger proportion of Illinois' budget basic government services are being cut. According to Gov. Quinn within 2 years we will be spending more on pensions than we are on education.
And just so everyone knows, this thread is about all Illinois state pensions, not just the teacher's pensions. A mod titled this thread, not me!
