Illinois' pension nightmare
Illinois' next governor must grapple with a problem 30 years in the making: keeping retirement promises to more than 660,000 active and retired teachers and state workers. Years of scrimping on pension contributions coupled with benefit increases have turned the state into a poster child for a growing national problem, and staying on track with a long-term plan to fix Illinois' pension problem will require the kind of tough choices that politicians have avoided for years.
See "Illinois' pension nightmare", Barbara Rose, Chicago Tribune, November 2, 2006