Illinois pensions
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Illinois pensions are in the worst crisis in the Nation, as of 2023.
As explained by the Illinois Policy Institute:
| “ | Each Illinois household spent $2,769 funding government pensions in 2021, paying the third most for government workers’ retirements in the U.S. despite leading the nation in pension debt.[1] | ” |
Since 2002, Illinois pension debt has grown by a shocking 13% annually, even after adjusted by inflation.