Source of Unfunded Liabilities in Illinois State Pension Plans
Created on December 22, 2015
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Read the original report, "Illinois Pension Reform: Three Wrongs Do Not Make a Right," by Joel Griffith and Andrew Kloster.
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Unfunded liabilities in the Illinois state pension plans have increased by $92 billion over the past two decades. More than 60 percent of the increase is due to flawed assumptions in the long-term projections of the original 1996 policy.
Sources of Unfunded Liabilities in Illinois State Pension Plans
CHART 2 • BG 3061
Tags: Illinois, Pension-Reform, Pension-Protection-Clause