This covers the five state-level pensions for the year that ended June 30, 2018. Their combined unfunded liability increased by $4.8 billion, 3.7% from the prior year, to a total of $133.5 billion.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
We’re about 3 years away from when the state starts putting more money into the universities’ retirement system than in the universities.