Illinois’ unfunded pension liability has increased by $13 million per day since 1996

Illinois Policy Institute reports:

Illinois’ unfunded pension liability has grown by more than $90 billion since 1996, to $111 billion in 2014 from $20 billion. That’s an average increase of $13 million per day every day for the last 19 years.

A lot of factors contributed to that increase, including underfunding of the pension systems by the state, but the biggest driver of the growing debt is the nature of the defined-benefit system itself.

Should these people ever run an ObamaCare exchange?