This is old news if you’re a regular reader here, yet the media continue to use the state’s phony numbers. Remember that the numbers you see in this article are just for the five state pension funds, not the 600-plus other local city and municipal funds in Illinois. And the medical care liability is also not included, which is entirely unfunded — at least $40 billion just for the state.

http://www.statebudgetsolutions.org/publications/detail/moodys-report-shows-states-failure-to-recognize-scope-broken-promises