TITLE

State's pension funding tabbed as worst in the nation

AUTHOR(S)
McKinney, Maureen Foertsch
PUB. DATE
April 2010
SOURCE
Illinois Issues;Apr2010, Vol. 36 Issue 4, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents the report from the Pew Center on the States on the pension funding in Illinois. The report says that the state's pension funding is the worst throughout the country. It notes that only 54 percent of the state's pension liability is funded and below the 80 percent benchmark set by the U.S. Government Accountability Office. The report suggests that the pension funding of the is an example of poor financial decision-making.
ACCESSION #
50447551

 

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