Saturday, January 11, 2025

Pension Liabilities Exploding

Something that can't go on.....won't:

  • Illinois' unfunded statewide public pension liabilities grew another $1.5 billion in the past year. Better investment returns couldn’t keep up with public worker pensions growing faster than projected.

    Statewide pension debt has grown to $143.7 billion from $142.2 billion in the past year, according to a new report from the state legislature’s Commission on Government Forecasting and Accountability.

    This is the third consecutive year the debt has grown since state leaders put federal pandemic funds into the system in 2021. It is approaching the 2020 record debt of $144.4 billion that those federal funds helped curb.

With Newscum's chances of a presidential run going up in smoke along with Los Angeles, Fata$$ has to be thinking his chances are improving. Best to remind any friends and relatives in other states exactly how badly he's driving this state into the ground.

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