(The Center Square) – Gov. J.B. Pritzker’s plan to address Illinois' pension woes was the subject of a House hearing Thursday. Pritzker is proposing the state increase its statutory funding ratio goal for its pension funds to 100% by fiscal year 2048. The current goal was established by former Gov. Jim Edgar and the Illinois General Assembly in 1994, which created a 50-year plan to get the state to a 90% funding ratio by 2045. The state, at a 44% funding ratio, is... Read this story
