Moody’s: Illinois’ pension debt the worst in the U.S.

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Lawmakers considering new measures for pension crisis

Moody’s investor services names Illinois’ pension debt the worst in the nation.

It reports the state`s three-year average liability over revenue is 258 percent.

Illinois is dealing with a one-hundred billion dollar pension deficit

Lawmakers came up with a plan that cuts benefits and increases worker contributions to significantly bring down that debt.

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2 comments

  • Dummies

    It’s true. You can’t fix stupid. Voters continue to vote democrats into office who keep digging the city and state further into debt. Maybe once the people lose their pensions they’ll wake up. The “free stuff” has to end eventually.

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