Like most governments around North America, the State of Illinois is staggering under the weight of its pension obligations.
Public servants baby boomers have made extravagant pension promises to themselves. Now that these boomers are close to retiring, the taxpayer and future workers are finding out the size of the tab. It is not pretty.
A large part of the problem is the gap between what public sector employees have offered themselves and what the private sector will get. Now in Illinois the States largest business organization, Commercial Club of Chicago, has started a campaign to control the costs of these plans.
Check out the Web Site and watch for more future news from this group. Illinois is broke.com
Lets hope we see more of these groups help to share the news.
Canadian Taxpayers Federation
Canadian Federation of Independent Business
New Start Nova Scotia - Pensions In Crisis
The Free Enterprise Nation