In Illinois gubernatorial race, unfunded pension debt raises alarm

In Illinois gubernatorial race, unfunded pension debt raises alarm
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The Facts Inside Our Reporter’s Notebook Candidates for Illinois governor are taking different approaches on how they’d tackle the state’s unfunded pension liabilities.
Illinois has among the most unfunded public sector employee pension liability. State numbers indicate around $151 billion unfunded, but some place like the American Legislative Exchange Council place the debt at $533 billion.
State Sen. Darren Bailey, who’s running against incumbent Democratic Gov. J.B. Pritzker, said he’ll use reduced state spending to pay down pensions.
“We’ll find the fat in the budget and we’ll begin to apply that to get this pension situation under control, but first...
Source: https://justthenews.com/nation/states/center-square/gubernatorial-candidates-discuss-plans-shore-illinois-unfunded-pension?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators