Editorial: Illinois Exodus alert: Why Chicago skyscrapers and your home are worth less – Chicago Tribune

"[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."
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Mike
6 years ago

$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.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE