IllinoisLoyalty.com Forums > Thread: Illinois Politics

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Old Dec 5, 2012, 06:30 PM   #22
gibb52
Posts: 1,061
Defined Benefit pension plans are Stone Age relics. Defined Contribution plans should have been implemented throughout IL govt 20+ yrs ago.

This is what you get when the people writing the checks aren't the ones actually paying the bill.

The IL pension system is $85-215 billion underfunded depending on who you believe. A mind boggling number at even the low end.
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