A small drama over pension spiking demonstrates how intractable the pension underfunding issue is in Illinois. Published by Jane the Actuary View all posts by Jane the Actuary
3 thoughts on “Forbes post, “Hidden In the Legislate-A-Thon, Illinois Restores Pension Spiking””
Illinois continues to be the mist corrupt state in the country.
The only state where you put $400,000 into the TRF only to get to $4,000,000 in pensions payouts over a 30 year retirement. 3% COLA while inflation is 1% the past 25 years. Illinois is the scam state