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.
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