“The Betrayal of Retirees and Taxpayers Continues as State Governments Fail to Change Their Faulty Pension Accounting.”

This report uses fair market valuation methods instead of phoney official government numbers.

Illinois is the worst.

Keep in mind these numbers are for state-level pensions only. Illinois has five of those, but the real problem in Illinois is the layered effect of additional pensions for cities, counties, water districts, transit authorities, etc.


via Promises Made, Promises Broken 2014: Unfunded Liabilities Hit $4.7 Trillion > Publications > State Budget Solutions.