Independent
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VOL. 12 • NO. 30
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THURSDAY, Dec. 24, 2015
Unfunded pension liability in Illinois now $111 billion By Dee Longfellow For The Independent
According to a legislative report released on Thursday, Dec. 10 by the General Assembly’s Commission on Government Forecasting and Accountability, Illinois’ unfunded pension liability is reportedly $111 billion at the present time. Legislative leaders have agreed to join Gov. Bruce Rauner next week to take another look at overhauling Illinois’ pensions. A previous plan was presented that lawmakers claim would have saved the state billions in contributions, but that plan was rejected by the Illinois Supreme Court, according to a report from Springfield. State leaders met last week about the issue while Illinois continues to function with out a budget for the fiscal year which began in July, 2015. The Springfield State Journal Register reported that the pension contributions was to increase by $291 million in the fiscal year that begins July 1.
courtesy photo
So, here’s what I want This little preschooler has a heart-to-heart talk with Santa on Wednesday, Dec. 16, when Old Saint Nick paid a visit to the Addison Early Learning Center for the Festival Of Trees.
Inside:
Police Reports......3, 5 Sports �������������������� 13 Viewpoint.................8 Classifieds..........17-18
Besides the Jolly Old Elf, students got to have photos taken with Winnie the Pooh and characters from the movie “Frozen.” More photos inside this issue.
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