Illinois faces more than $200 billion in pension liabilities?
~ The Rebel ~
2012/06/25 03:42:06
Illinois has long drawn attention for its huge unfunded pension liability, currently pegged by state officials at $83 billion. But that figure is only one part of the total government debt for which Illinois taxpayers are liable, according to "$203 Billion and Counting: Total debt for state and local retirement benefits in Illinois."
The Institute describes it as the first report to put a number to both the state and local retirement liabilities, including pensions, retiree health insurance, and pension and benefit bonds.
Read More: http://news.heartland.org/newspaper-article/2012/0...
Top Opinion
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Boris D. 2012/06/25 10:48:03
Local Debt Stuns Cook County Treasurer—$108 Billion and Counting
Local debt totals $50.8 billion: local pensions ($38.2 billion); local pension benefit bonds ($1.9 billion); local retiree health benefits ($10.7 billion).