Sunday, August 03, 2025

When democrats rule!-----Report shows Illinois government pension crisis worst in U.S.

Illinois state pensions remain fiscally unstable and threaten retirees and taxpayers, underscoring the need for reform. - LyLena Estabine
Comparing pension debt to the state’s gross domestic product helps measure the state’s ability to pay based on the local tax base. 
By that measure, Illinois ranks as the nation’s worst: unfunded obligations equal 19.02% of state GDP, up from 18.52% a year ago. 
  • In other words, roughly one-fifth of everything produced in the state would be required just to erase the shortfall...


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