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31%  
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Keyword: ilpensions

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  • Illinois must not delay on pension reform- EDITORIAL:

    06/14/2012 2:20:09 PM PDT · by tflabo · 16 replies
    NWI.com ^ | June 13, 2012 | By Doug Ross
    The Land of Lincoln is rusting away. Public sector pensions underfunded by $83 billion are a crisis Illinois has faced for years but still has not resolved. Credit-rating agencies have threatened to lower the state's bond rating, and it is already among the worst in the nation. Finding the necessary $83 billion to fulfill this promise to employees is not easy. For one thing, the Illinois Constitution forbids reducing pension benefits. That's out of the equation.