Next year's budget - not the one presently presented, but the one after it - is going to be a crisis for the pension funds. |
The faculty and staff have put in their required share each year, but the state of Illinois has not. |
The only trouble was that instead of making the payments even from year to year, they 'end loaded' it. They gave themselves only small increments in the first few years, and steeply increased payments in later years. |