Reason Foundation Issues Commentary: Illinois - Don't Let Social Security Safe Harbor Compliance Become a Blank Check for Tier 2 Benefit Expansion
June 27, 2026
June 27, 2026
LOS ANGELES, California, June 27 -- The Reason Foundation issued the following commentary by senior fellow Rod Crane:
* * *
Illinois: Don't let Social Security safe harbor compliance become a blank check for Tier 2 benefit expansion
Illinois' five major state pension systems remain the most underfunded in the nation, carrying roughly $144.6 billion in unfunded liabilities and a combined funded ratio of just 47% as of the June 30, 2025, actuarial v . . .
* * *
Illinois: Don't let Social Security safe harbor compliance become a blank check for Tier 2 benefit expansion
Illinois' five major state pension systems remain the most underfunded in the nation, carrying roughly $144.6 billion in unfunded liabilities and a combined funded ratio of just 47% as of the June 30, 2025, actuarial v . . .