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(The Center Square) – Illinois is making some progress on paying for pensions, but a credit ratings agency is sounding the alarm that not enough is being done. S&P Global Ratings announced a report on Illinois pensi...
(The Center Square) – Illinois is making some progress on paying for pensions, but a credit ratings agency is sounding the alarm that not enough is being done.
A financial instrument that has appealed to many municipalities to remedy underfunded pension plans is once again looking like a losing borrow and bet scheme.
Illinois' unfunded pension tab improved slightly in 2022 because 2021 returns still play a role in the actuarial assessment through smoothed investment returns.
Coconino County has issued debt to fund its prepayment to the Arizona State Retirement System, while Pinal County has a bond sale pending.