Stermer Says Illinois Can't Tread Water on Pensions

Stermer Says Illinois Can't Tread Water on Pensions Play

Aug. 17 (Bloomberg) -- Illinois Budget Director Jerry Stermer talks about the state's unfunded pension liability. Illinois has set aside only 45 percent of what it needs to meet public-worker pension obligations, the worst of any U.S. state. Standard & Poor’s may cut its bond rating if lawmakers don’t come up with a fix today. Stermer talks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

  • On Air Now

    Political Capital with Al Hunt Watch Now

  • Next

    Titans at the Table: The Rise of Macau

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus