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No, Illinois Hasn't Solved Its Pension Crisis
Elizabeth Bauer, via Forbes; subscription may be required Link to more items from this source
[Opinion]
June 6, 2018

"[T]he pre-retirement lump sum buyout takes advantage of financially vulnerable people.... [T]he COLA buyout is an invitation to anti-selection.... [It] is not yet clear to what extent the calculation of the savings from these buyouts were the result of genuine actuarial analysis versus a back-of-the-envelope calculation.... [T]he projected savings is a drop in the bucket compared to the overall $130 billion shortfall."

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