Study shows pension fix won’t restore fiscal health to Illinois
In December, lawmakers passed legislation to fix the state’s multi-billion dollar pension shortfall. According to the Institute for Government and Public Affairs, it helps restore the pension system but won’t fix the state’s overall budget deficit.
Was it supposed to? This hour on Focus, we’ll hear from Richard Dye, a Professor with the Institute of Government and Public Affairs about what the pension bill does and doesn’t do to help restore the state’s financial health.
Then, host Jim Meadows talks with Frank Shafroth, Director at the Center for State and Local Leadership at George Mason University. Public pension problems in Illinois are a consequence of unmade payments, is that the case around the country where other public pension systems are also failing? We’ll find out and will hear what decision makers around the country are doing to triage public pension systems.