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HomeIllinois NewsUpdated audit shows Illinois pensions remain around 42% funded

Updated audit shows Illinois pensions remain around 42% funded

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AP Photo/Seth Perlman

(The Center Square) – A report by the Illinois Auditor General on the state’s pension systems offers some sobering numbers.

The audit shows the pension systems for teachers, state universities, state employees, judges and the General Assembly were about 42% funded in 2021, which reflects little improvement from the year before.

The dismal stock market performance this year will negatively affect the Illinois pension system. Jonathan Williams, chief economist for the American Legislative Exchange Council, or ALEC, says it is a double whammy for Illinois taxpayers.

More HERE

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1 COMMENT

  1. Just read the piece. Looking for a data point I could not find.
    What’s the 1-, 5-, 10- and 20-year investment return on the Il Teachers Pension fund, and how does this compare to other states’ and benchmarks like the S&P?