If Illinois lawmakers do not address the state’s growing pension
crisis, essential investments in education, health care, and human
services will continue to be cut, according to a recent report (PDF) from the Fiscal Policy Center at Voices For Illinois Children.
Illinois residents—including the youngest among us — are paying the price
for Illinois’ decades-long failure to make adequate contributions to
the state-funded pension plans,” the report, titled “Pension Funding
Crisis Worsens” (PDF) reads. “The General Assembly is well aware of the
harmful effects of rising pension costs on the rest of the budget.
However, progress toward a solution has stalled — making the situation
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