Illinois’ biggest public worker pension fund said on Friday its board gave initial approval to a state contribution of $4.56 billion in fiscal 2018, a 14.5 percent increase over the current fiscal year.

Comment: Still won’t be close to enough. The unfunded liability will continue to grow.

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4 years ago

Should be interesting to see if the various entities will actually pony up the extra money for the contributions

As you say, it won’t stop the UL from growing (and they thought they were being so clever with the discount rate drop)…they didn’t make full contributions when they had a lower required contribution, so I don’t really see them getting a hell of a lot.

I imagine these graphs will just get uglier:
http://publicplansdata.org/quick-facts/by-pension-plan/plan/?ppd_id=34