The pink elephant in the corner of the room deserves at least some mention during the 2022 campaign.

Retirees’ checks keep arriving every month, but a recent report issued by the Illinois Auditor General shows the state’s five public-pension funds remain woefully underfunded.

Funding rates for the five systems range from 17% to 42.2%, meaning they each have less than half the money necessary to meet their obligations

Recommended for you