Illinois Pension Solution

As IL Supreme Court Strikes Down Pension Solution, Institutional Investors Watch Nervously

An issue that is being closely watched by institutional investors, the Illinois Supreme Court struck down legislation the state’s legislative branch had passed to fix a massive funding gap in its state pension fund. The court ruled it unconstitutional for the state to reduce pension benefits it had already promised retired government workers, forcing political leaders to start from scratch in solving the problem of a massive exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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