• This isn’t just an Illinois problem…

Barron’s explains how nearly every state pension in the country is “untouchable.”

Benefit protections are as common as underfunded pensions. Only two states—Texas and Indiana—haven’t provided employees with verbiage against changing the terms of government pensions. None of the states have enforced the corresponding obligation to make full advance funding of benefits as they are earned.

No matter what state you live in, don’t be surprised if your government eventually picks your pocket to pay state employees.

This isn’t just an Illinois problem…

Barron’s explains how nearly every state pension in the country is “untouchable.”

Benefit protections are as common as underfunded pensions. Only two states—Texas and Indiana—haven’t provided employees with verbiage against changing the terms of government pensions. None of the states have enforced the corresponding obligation to make full advance funding of benefits as they are earned.

No matter what state you live in, don’t be surprised if your government eventually picks your pocket to pay state employees.