That's the claim of the Civic Committee of the Commercial Club [Chicago]
The funds or the state could borrow again, "but that will just make the problem worse," with the state now without a way to make up an estimated $80-billion-plus in unfunded liability in the pension funds.
Click on the following for more details: State pension funds could be insolvent in a decade, biz leaders say | Greg Hinz | Crain's Chicago Business
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