Column: If only Illinois leaders had listened to pension prophet – Champaign News-Gazette*

"(Edward) Gibala, the executive director of the State Universities Retirement System, had been a sort of Paul Revere for the pension systems since the 1960s, warning state leaders that their chronic underfunding of pensions would create problems for future leaders. By 1967, SURS was already underfunded by $143 million."
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Riverbender
4 years ago

They listened all right, However these leaders also recognized the Illinois voter prefers gifts now that the future generations will pay for. Like it or not, it was and is the voter’s choice.

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