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HomeIllinois NewsALEC: Illinois' unfunded pension liability $533 billion; $8.2 trillion nationwide

ALEC: Illinois’ unfunded pension liability $533 billion; $8.2 trillion nationwide

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(The Center Square) – Illinois' five taxpayer-funded state pension systems are second worst in the nation when it comes to debt.

The American Legislative Exchange Council, (ALEC) released “Unaccountable and Unaffordable”, which puts the total unfunded pension liability at $8.2 trillion nationwide.

Illinois' liability was second worst at $533 billion. Only California, with a much larger population than Illinois, was worse.

The ALEC report also shows Illinois has the second highest unfunded pension liability per capita at over $41,656 per person. That ranks 49th in the country ahead of only Alaska.

More HERE

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1 COMMENT

  1. Open the pensions to all IL residents everyone pays into the fund!. The Republicans have no retirement solutions to offer other than a 401scam as I call it doesn’t work for lower income workers need to bring back pensions.