From Crain's today
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In a “special pension briefing” released yesterday, it said unfunded liability in the five state pension systems that cover university employees, state workers, and most teachers outside of Chicago shrank by a hefty $14.2 billion in the fiscal year ended June 30, dropping from $144.2 billion last year to $130 billion now.
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The unfunded liability of $130 billion, is now lower than when Pritzker took office. They are now 46.5% funded, compared to 40.2% at the beginning of his term. Think this will be noticed by our fellow citizens calling themselves "fiscally conservative"?
From 3 years ago, right before Pritzker took office:
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Illinois’ already huge unfunded pension liability grew bigger in fiscal 2018, rising to $133.5 billion from $129 billion at the end of fiscal 2017 mainly due to inadequate state funding, according to a legislative report released on Friday.
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