A nonpartisan organization has released a report which ranks Illinois 49th in the country with the highest unfunded public liabilities. The American Legislative Exchange Council, or ALEC, released “Unaccountable and Unaffordable”, which shows Illinois has the 2nd highest unfunded pension liability per capita at over $41-thousand dollars per person. Jonathan Williams is the ALEC chief economist.
Williams says a growing threat to the solvency of state pension funds is politically motivated investment schemes. On the other end of the spectrum, Tennessee’s pension liability is $85-hundred per person, the lowest in the country, followed by Indiana at just over $10-thousand.
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