This pre-existing condition makes Illinois finances especially vulnerable to COVID – Crain’s

State employee pension funds entered the coronavirus crisis with $137 billion less than they needed to cover future obligations to retirees, an aggregate shortfall of about 60 percent. With the stock market down 30 percent in a month, and no bottom in sight, that gap is growing rapidly as the decline takes its toll on pension plan investments.

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