How Illinois Became the Worst in the Nation for Pension Debt

How Illinois became the worst in the nation for pension debt
articles.chicagotribune.com

The driving force behind the crisis — chronic underfunding of the system — continues. The funding plan passed in 1994 was supposed to force the state to stick to a payment schedule that would bring the pension system up to a 90 percent funding level by 2045. That hasn’t happened for a variety of…