Report: Illinois likely to see high public pension debt go higher – Illinois Policy

Ryan Frost, policy analyst for the Reason Foundation, said Illinois’ record pension investment gains from 2021 are about to evaporate. “Just a minus-6% return basically eliminates all the gains they made from last year, and it puts them on the same poor funding track that they were on before last year,” Frost said. The authors’ main conclusion: lawmakers need to address public pension debt.