It’s the only reasonable conclusion. Illinois politicians who continue to oppose pension reform via a constitutional amendment should be booted from office. The latest state-by-state pension report from Fitch Ratings demonstrates why.
At $172 billion,* Illinois has the nation’s biggest pension shortfall by far, the agency says. Fitch also calculates that Illinois’ pension debt as a share of its economy is the largest in the country. Either way, Illinois is the nation’s extreme outlier.
To get an idea of just how out of whack Illinois is, consider the pension shortfalls of its neighbors. Indiana’s is just $11 billion. Michigan’s, $8 billion. Wisconsin’s, $4 billion. Iowa’s, $2 billion.
