On a per capita basis no state is in worse financial shape than Illinois. The state pension funds are woefully underfunded, while the legislature refuses to set partisan wrangling and bickering aside to solve this – and many other financial problems.
If you know someone who is an educator in Illinois, please let them know that we are staying informed on the state’s retirement fund status, and can offer advice for Tier I, Tier II, and retired educators. There is no charge for a comprehensive consultation on their concerns about the Teachers Retirement System or 403(b) plans.
We can provide answers to these and other questions about their retirement.