Tuesday, April 13, 2010

State pension funds could be insolvent in a decade, biz leaders

  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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