How Short-term Gains Trumped Illinois Pension Funding

Good article about how the state of the State’s pension funds came to be…

How short-term gains trumped Illinois pension funding
www.dailyherald.com

Seven years ago, with the Illinois pension systems facing a $38.6 billion deficit, lawmakers chose to skip two years of pension funding in order to free up some cash short-term. That history lesson shows how difficult it could be for state leaders to reach a solution to the pension problem — with a…