Illinois Pensions Worst In Nation
- Illiana Communications
- Sep 8, 2014
- 1 min read
(Undated) -- Illinois' pension systems still have a 100-billion-dollar shortfall and according to Moody's credit rating agency, that's the worst in the nation. Officials say the state's three-year average liability is over 258-percent. Lawmakers came up with a plan to shore the system up but it's been held up in court. Judges could make a ruling by the end of the year but some believe the plan will be ruled unconstitutional, which means lawmakers will have to start back at square one on finding a fix.
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