The State Pension Funding Gap: 2014

The State Pension Funding Gap: 2014

The Pew Charitable Trusts, 08/24/2016

The nation’s state-run retirement systems had a $934 billion gap in fiscal year 2014 between the pension benefits that governments have promised their workers and the funding available to meet those obligations. That represents a $35 billion decrease from the shortfall reported for fiscal 2013. The reduction in pension debt was driven primarily by strong investment results, with public plans in fiscal 2014 averaging a 17 percent rateof return.

A federal solution to Chicago’s public pension mess

A federal solution to Chicago’s public pension mess

The Chicago Tribune, 09/08/2016

If you experienced sticker shock with your latest real estate tax bill, or worry about what’s around the corner with proposed big increases on your water and sewer bills, you ain’t seen nothin’ yet. Chicago’s pension debts are finally starting to gobble the city. Chicagoans have two options: Swallow hard and take the massive increases as a cost of living in this great city, or fight for a better solution.