Pritzker administration pushes against recommendations for full pension funding goal – Center Square

"An increase in the goal would result in higher payments, but eventually lead to a reduction in the unfunded liabilities in the systems,” GOMB Director Alexis Sturm said. ”Given the current fiscal pressures facing the state, this too is inadvisable to consider until Illinois can eliminate the unpaid bill backlog” and other debts. Therefore, at this time, the 90 percent funding ratio continues to be a reasonable and achievable goal for the State of Illinois pensions systems."
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nixit
4 years ago

“strongly recommended raising the target funded ratio to 100%”

That pretty much counters every Dem and CTBA argument made to either re-amortize the pension debt or lower the target funding level.

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