“The Auditor General reported the state’s largest pension fund, the Teachers’ Retirement System, increased in overall liability by $4.5 billion to $134.4 billion. Around $3.2 billion of that isn’t funded. The total unfunded liability for TRS was $81.1 billion … State Rep. Tom Bennett, R-Gibson City, said the growing taxpayer costs for pensions and retiree benefits don’t help keep people around to pay the bills…”
Truth In Accounting
Greg Bishop | January 16, 2020
Read the full article on: Cherokee Tribune & Ledger News (Illinois)