A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
“The plan’s funded ratio would remain below 50% until 2050 when it is to begin building to reach 90% in 2057.” 80% increase in 7 years? Where is the proposed annual employer contribution schedule (presumably created by Aon Hewitt) now through 2057? #### MEABF Contribution Payment Year – Percent Increase from prior year – Contribution in Dollars 2019 – 34% – $344,488,000 2020 – 23% – $421,988,000 2021 – 18% – $499,488,000 2022 – 16% – $576,988,000 2023 – 56% – $878,795,000 2024 – 2056 – ? – ? 2057 – ? – $2,000,000 (“almost” $2B was the figure given… Read more »