58.6 F
Chicago
Monday, June 5, 2023
HomeIllinois NewsReport: Every adult in the state owes $4,000 for teacher health care...

Report: Every adult in the state owes $4,000 for teacher health care costs; pensions not included

Date:

spot_img

58e6c85347e23.image

Every adult in Illinois is on the hook for $4,000 in retired teacher health care costs, according to a new study showing the state has no money saved to pay for the growing cost of its promises.

The report released Tuesday by Bellwether Education Partners estimates that Illinois owes $54 billion in future health care costs that have been promised to teachers after retirement. That’s the sixth-most of any state when divvied up by each state’s adult population. This is not included in the estimated $130 billion in unfunded teacher pension liabilities.

More HERE

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

1 COMMENT