June 14 – ChicagoNow
“First of all, that ‘$96 billion underfunded’ figure is not relevant. That figure, actuaries tell me, refers to how much money Illinois would need to pay the pensions if every single person in the five state pension funds who is eligible to retire really retired all at once.”
Read more: Prof. Ann Lousin’s Comments on the ‘phony’ Illinois pension obligation of $96 billion
