Will Public Pensions In Illinois — and Elsewhere — Crash? Here’s What Will Make The Difference – Forbes

Columnist Jane the Actuary cites Wirepoints' analysis in her report, "(T)he question of how Illinois... will fare is not a matter of actuarial analysis — it’s a matter of political will. And all the good proclamations of, say, a Governor Pritzker, are at risk of wilting once the commitment to pension funding requires more than the hope of federal cash but instead genuine fiscal discipline, hard choices, and upsetting voting blocs."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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