Featured share to Facebook share to twitter Like Us on Facebook 0 comment You thought $111 billion in Illinois pension debt was bad? Kevin HoffmanReboot Illinois Aug 10, 2016 A Reboot Original Get ready taxpayers, because the more than $111 billion in Illinois pension debt is about to get a whole lot worse, and as usual, we’ll all be footing the bill in the years to come. A combination of diminishing investment returns, low interest rates and market volatility is leading the state’s retirement plan managers to revise their investment return assumptions, in turn, compounding Illinois’ pension crisis. In fiscal year 2015, market value investment returns were below the assumed rates of return for all five of the state’s retirement systems and the Illinois Municipal Retirement Fund, according to each fund’s comprehensive annual financial report. The… You thought $111 billion in Illinois pension debt was bad? was last modified: August 11th, 2016 by Kevin HoffmanNo subscription? You’re missing out.Join us. There has never been a more critical time to Reboot Illinois...Subscribe now share to facebook share to twitter like Us on facebook comment tags: GARS IMRF Investment return assumptions JRS Pensions SERS surs TRS Kevin Hoffman Reboot Illinois Kevin Hoffman is a staff writer and editorial assistant for Reboot Illinois. He graduated from the University of Iowa with a degree in journalism, political science and a minor in international studies. Kevin lives in Chicago and is an avid -- and re... × Comments Be the first to respond to this quote. Add a Comment orSee all comments on this article commt × Comments Cancel reply Cancel Hold On! You need to be logged in touse that feature! Login/Create Account Nevermind