News

Study Predicts Pension Bill Won’t Ease Deficit

Study Predicts Pension Bill Won’t Ease Deficit

A report released today says Illinois’ plan to save $160 billion ultimately won’t make much of a dent in the state’s growing deficits. The University of Illinois’ Institute for Government and Public Affairs study says changes to the state’s major public pension systems will eliminate their unfunded liability over the next 25 years, but the state’s deficit will increase to $13 billion during that time. Institute researchers projected a $14 billion deficit — a $1 billion difference — if the state had not implemented pension reform. Institute Director Chris Mooney says the study was released purposely as campaigns for the 2014 general election begin to heat up. Mooney says he wants to make sure the state’s fiscal crisis is talked about and that people “don’t get complacent.”

 

Recent Headlines

in Entertainment

This weekend in entertainment history

Fresh
seinfeld

A look back on some of Hollywood's most memorable headlines.

in Entertainment

Netflix: What’s coming and going in June

netflix

Find out what you should watch this weekend and get a sneak peak at what's being added next month.

in Entertainment

REVIEW: The Earth quakes, cleavage shakes in ‘San Andreas’

17-overlay9

"San Andreas" is so over the top, Michael Bay might find it excessive.