Illinois’ unfunded pension liability grew by $9.8 billion, or 7.5%, in the fiscal year that ended June 30, due in large part to market losses in a volatile economy. The Commission on Government Forecasting and Accountability reported Thursday that the total unfunded liability in the state’s five pension funds reached a total of $139.7 billion, leaving them with a funded ratio of just 44.1%.
Related posts
-
Mount Prospect closes on Chase Bank property
The former Chase Bank property officially is in the hands of the village of Mount Prospect. -
Mount Prospect mulling three-minute cap on public comment
Mount Prospect currently has no time limit for public comment during meetings of boards and commissions.That... -
Underwood to run for House again rather than U.S. Senate
Democratic U.S. Rep. Lauren Underwood of Naperville will run for reelection in the 14th District next...