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Illinois General Assembly Retirement System Only 13.52% Funded

Illinois General Assembly Retirement System Only 13.52% Funded

Authored by Michael Shedlock via MishTalk.com,

Despite a massive rally in the stock market, Illinois public pension liabilities continue to grow.

GARS, the Illinois General Assembly Retirement System, is only 13.52% funded, down from 17% funded in 2013. How long can GARS last?

Meanwhile, Illinois has accrued a combined net pension liability of roughly $130 billion on which it assumes a 7% return.

'BoomerCare' Is Here to Stay- Demographics Don't Lie

via the Soren K Group  at MarketSlant.com

I do not necessarily subscribe to the following opinions-Vince L.

BoomerCare will not be Repealed

Why? Because once implemented, politicians only substitute. They never remove. Maybe "Obamacare" will be repealed. But whatever replaces it will be a different version of what came before. The Swamp is only interested in moving deck chairs around for you while they quietly secure their spots on the baby boomer exit life boat. The bagholders are everyone after the Boomers.

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