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Originally Posted by Guest
Illinois is in a world of hurt. Their public union pension plan is the largest unfunded in the country and their problems primarily stem from political corruption. Whereas California's primarily problem has to do with unstable politicians who appear to believe they live in the land of OZ .
Personal Best Regards:
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I am a retired State of Illinois employee. It was evident 40 years ago that the Chicago political machines were diverting money from our retirement system. Stole might be a better word. I continued to pay my 7% into the retirement fund while the politicians gave us an IOU for their 7%. When their 7% became not enough, they gave us an IOU for the 7% I contributed. They robbed Peter to pay Paul, now Peter says enough, I want my money !!!!