SPRINGFIELD - Monday, Yahoo! Finance reminded Illinois taxpayers their state has the most threatened state pension plan in the nation, worse than: 10. North Dakota 9. Louisiana 8. Hawaii 7. New Hampshire 6. Mississippi 5. Alaska 4. Kansas 3. Kentucky 2. Connecticut 1. Illinois. They reviewed the statistics:
Illinois is the most poorly funded state in the U.S. It has assets of $91.5 billion, liabilities of $378.5 billion, and an unfunded liability of $287 billion.
Also, Illinois’ unfunded liability on per-person basis was the third largest in the nation. It was $22,294. And, if all that wasn’t bad enough, Illinois’ unfunded liability as a percent of its gross state product was the fifth worst in the country at 41%.