Episode 194: $41,656 needed from every Illinoisan to cover nation's second worst pension debt

Illinois' five taxpayer-funded state pension systems are second worst in the nation when it comes to debt.

The American Legislative Exchange Council, (ALEC) released “Unaccountable and Unaffordable”, which puts the total unfunded pension liability at $8.2 trillion nationwide.

Illinois' liability was second worst at $533 billion. Only California, with a much larger population than Illinois, was worse.

The ALEC report also shows Illinois has the second highest unfunded pension liability per capita at over $41,656 per person. That ranks 49th in the country ahead of only Alaska.

Support this podcast: https://podcasters.spotify.com/pod/show/illinois-in-focus/support