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(The Center Square) – Illinois’ pension debt compared to personal income is the second worst in the nation. Fitch Ratings reviewed pension funds for public employee retirees from every state ...
Illinois public pension debt grows Illinois’ pension situation is getting worse. The Commission on Government Forecasting and Accountability reports the total unfunded liability is 46% with a ...
Behind only Connecticut, Fitch pegs Illinois’ unfunded pension liability and other post employment benefits at $206.5 billion, taking up 22.8% of the state’s personal income. Tool company to ...
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
Credit ratings for state debt from Moody's as of May 2021: ... 2023 [21] Indiana: AAA Aaa [2] [22] ... Illinois pension crisis; References
In November 2012, Truth in Accounting launched a new website called Data-Z, [11] which provides easy access to its calculations of the federal government, the 50 states' and the nations 75 largest city's debt, liabilities, and assets and permits users to graph and analyze it visually. The website has over 700 data points collected from the all ...
(The Center Square) – Illinois unfunded pension liability is growing. The Illinois Commission on Government Forecasting and Accountability reports the latest unfunded liability is $143.7 billion.
November 27, 2023 at 10:52 AM. ... As confirmed by a recent report prepared by the Public Pension Division of the Illinois Department of Insurance, the state's public pension systems are ...