How To Reduce Illinois’ Unfunded Pensions and Prevent Further Fiscal Gaps

The unfunded portion of Illinois pension funds now stands $70 billion. That total can and should be substantially reduced without raising the state income tax, according to Jim Tobin, President of National Taxpayers United of Illinois (NTUI). In addition to the $11.5 billion the state will receive over the next 20 months from the federal government’s ‘stimulus’ package, unfunded pension problems for new hires can be avoided.
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