Judy Baar Topinka

Largest Deficit in US
2:51 pm
Sun July 8, 2012

Illinois Pension Debt Hurts Other State Services

15% of the state budget in Illinois this year is going toward pensions.  That means there's less to spend on other needs.
                                              
The gap between what has Illinois promised employees they will get when they retire and what the state has set aside to pay those pensions is $83 billion.  State government would have to completely shut down for two-and-a-half years, and use all of that operating budget money on pensions, to pay off that debt.
 

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