When it comes to pensions, we have crises of leadership on more than one front – Crain’s*

Despite that staggering cost, Illinois is farther behind than ever, with total unfunded liability in the state’s pension funds of $141 billion, up $3.8 billion, or 2.8 percent, since last year. The reason why is that the state still isn’t contributing what is actuarially required just to tread water. In fact, it continues to sweeten some benefits, that on top of the 3 percent compounded cost of living hike that most workers get annually.