"[T]o delay the reckoning with pension costs and enormous public debts accomplishes nothing positive. Stalling makes everything worse, in fact. Don’t believe us? Look at what investors are saying about Chicago and Illinois. To them, Hong Kong under siege is a better risk."
$200,224,896,429 is the total 2018 Unfunded Actuarial Liability for most of the public sector pension plans in Illinois, per the Illinois Department of Insurance, Public Pension Division, Pension Data Portal, 2019 Biennial Report Summary Spreadsheets.
That excludes mass transit (CTA, RTA, METRA, PACE, etc.), housing (CHA, etc.), and the South Cook County Mosquito Abatement District Pension Plan in Harvey.
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.
$200,224,896,429 is the total 2018 Unfunded Actuarial Liability for most of the public sector pension plans in Illinois, per the Illinois Department of Insurance, Public Pension Division, Pension Data Portal, 2019 Biennial Report Summary Spreadsheets.
https://insurance.illinois.gov/Applications/Pension/PensionDataPortal.aspx
That excludes mass transit (CTA, RTA, METRA, PACE, etc.), housing (CHA, etc.), and the South Cook County Mosquito Abatement District Pension Plan in Harvey.