Analysis of the Mess Illinois Finds Itself – Fact 8

A continuation of the analysis of the current situation in Illinois by WirePoints:

Fact 8

8. Overpromised pensions. Between 2003 and 2015, Illinois lawmakers allowed total pension benefits (accrued liabilities) to grow at the third-fastest pace in the nation. At 7.5 percent a year, Illinois grew its total pension promises at 2.5 times the pace Wisconsin grew its benefits. No amount of taxpayer funding could have kept up with the state’s incredible growth in pension promises.

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