CHICAGO – Illinois’ unfunded pension obligations hit the $100 billion mark for the first time, adding to the pressures on lawmakers to fix the state’s pension system. 

Another $5.9 billion was added to the state’s tab in fiscal 2013, pushing the total unfunded liabilities on an actuarially smoothed basis up by 6.3% to $100.5 billion from $94.6 billion a year earlier, according to a report from the Chicago Civic Federation’s Institute for Illinois Fiscal Sustainability. The funded ratio of the state’s five funds weakened and is now at 39.3%, compared with 40.4 % a year earlier.

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