Top Stories Of 2013: The Pension Crisis In Chicago And Illinois
Monday, December 30, 2013
At $96 billion and growing, Illinois' underfunded public pension problem is by far the worst in the nation. But the pension problem didn't happen overnight, nor is it the fault of a single politician or special interest group. It's a crisis decades in the making that crosses political lines and finding a solution for it takes on an even greater urgency in the wake of the city of Detroit's bankruptcy filing earlier this year—the largest municipal bankruptcy filing in history.