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Why an aging and shrinking Illinois is a threat to public sector pensions

JANUARY 14, 2020 | by Ted Dabrowski, John Klingner | WIREPOINTS ILLINOIS NEWS

By Ted Dabrowski and John Klingner, includes “There’s a perfect demographic storm brewing in Illinois that threatens to take retirement security for government workers from bad to worse: Illinois’ boomer generation is hitting retirement age just as Illinoisans and their wealth are migrating out of the state at a record pace. Without a growing workforce to fund the increasing demands of pensioners, expect pension solvency concerns – already the highest in the nation – to jump.”

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