Chicago and Illinois pension problems underscored in latest reports – The Bond Buyer

New reports from rating agencies shine unwelcome light on Chicago's and Illinois’ “outlier” status on pension debts and the growing risks of heat-related climate change on some local Illinois governments.
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Mike
6 years ago

The median state level Moody’s ANPL is 91% of revenues v 505% in Illinois.

ANPL = Adusted Net Pension Liability, a Moody’s proprietary calculation of the unfunded liability which lowers the discount (interest) rates used by the pension funds.

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