All articles tagged Max Schanzenbach

Max Schanzenbach
A chasm.
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Illinois Issues: The Great Pension Chasm

Now Illinois is $130 billion away from having its pension systems fully funded. The debt is the standing legacy of the 100-plus years of missed opportunity. Those contributions that Illinois never made could’ve sat in investments and banks, accruing interest and returns — namely the world’s postwar boom that has only lately started to subside. Public employees are in the political crosshairs through no fault of their own.

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