Tag Archives: Public Pensions

19% of Illinois’ Budget Goes to Pensions, and That Number is Going UP

Posted on December 20, 2015 by Steve Reick

24% of Illinois’ 2017 budget will go to fund the state’s 5 pension plans. Is it any wonder that state services are falling by the wayside? Continue reading →

Posted in Public Pensions | Tagged , , | 4 Comments

I’m Shocked! Shocked to Find That Illinois Can’t Make Its Pension Payments!

Posted on October 15, 2015 by Steve Reick

From Bloomberg Business: Illinois will delay payments to its pension fund as a prolonged budget impasse causes a cash shortage, Comptroller Leslie Geissler Munger said. The spending standoff between Republican Governor Bruce Rauner and Democratic legislative leaders has extended into … Continue reading →

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The Albatross Around Illinois’ Neck

Posted on July 27, 2015 by Steve Reick

When talking about the pension problem in Illinois, everyone focuses on the $100 or so billion underfunding. But the problem is not just the underfunding, it’s the amount the state needs to contribute to the plans each year to move … Continue reading →

Posted in Illinois Budget, Public Pensions | Tagged , , | 4 Comments