A Helpful, Plain English Guide to Understanding the Illinois Pension Crisis

From Reboot Illinois’ Matt Dietrich:

The Illinois pension crisis has created its own language: unfunded liability, defined benefit, tier 1, tier 2, annually compounded COLA and on and on. It’s hard to blame people who, though they know it’s the most important issue in state government, get lost in the static and tune out.

If you’re in that category, the Civic Federation has come to your rescue.

The state’s top financial watchdog takes a big step back to the basics of the pension issue with its latest publication, “Illinois Pension Primer: A Plain-English Guide to Public Employee Pensions in the State of Illinois.”

It’s a terrific summary of all things related to pension reform and is a valuable resource for anyone who’s been confused by the pension reform vernacular.

But it’s also 44 pages long, which may be a bit daunting for the average taxpayer.

Luckily, the Civic Federation has a companion piece for those who just want the basics…

Check out Reboot Illinois to see the Civic Federation’s visual guide and full primer to help you better understand the state’s pension reform crisis.