Today, 125 of the 1,400 plans are expected to be insolvent within the next two decades, including the Teamsters’ Central States Pension Fund, due to collapse by 2025. Yet the PBGC has assets of just $2.9 billion to cover insured liabilities of $68 billion, as of Sept. 30.
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.