Our state’s underfunded pension fund is a ticking time bomb just waiting to explode. But Illinois isn’t alone — several pension funds across the country will run out within the next decade. Chicago Tonight talked to a finance professor about the drastic action needed to avoid a nationwide financial meltdown.
by Joshua Rauh, associate professor of finance at Kellogg School of Management
On March 25, 2010, Eddie Arruza led a panel looking at how far the state’s pension reform rules would go in slowing down the state’s river of red ink. View that video below.