Illinois’ new state budget relies on more than $400 million in savings from a new pension buyout plan that finance experts caution is highly speculative and may not save as much money as lawmakers say. The buyout plan is aimed at addressing Illinois’ roughly $130 billion unfunded pension liability and the state’s ballooning annual contributions to the funds.But the buyouts are voluntary, and there’s no way to know for certain how many people will take the state up on the offer.
Illinois Pension Buyouts May Not Bring the Savings Claimed in the State Budget
