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Directions: Answer the questions below in a word document in less than 3 pages (double spaced), with Calibri font, and with 1 inch margins (top, bottom, left, and right). Click on link above and upload your work.
What factors contributed to the underfunding of the Illinois’s pension system?
How big a hole does IL face according to the state under applicable accounting rules? Is this estimate realistic?
By using the financial statements offered in the case, what broad comments can you make about the organization’s well being?
What are the pros/cons of actually implementing each of these options?
If you were hired as a consultant for the pension, what 2 recommendations would you like to share with the Governor?

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