The funding shortfall across Illinois's 5 retirement systems climbed to $137 billion by last June, a jump of about $17.8 billion since 2015, after the government for years failed to make adequate contributions. (Photo: Shutterstock)
(Bloomberg) –Three years ago today, the Illinois Supreme Court struck down the state's attempt to cut its employees' pension benefits to chip away at a retirement-system debt that's swelled to almost $11,000 for every man, woman and child.
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