What factor contribute to underfunding of ils pension system

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Assignment

Case Study: Tough Choices for the Illinois Pension System

After reading the case study. 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).

Question A. What factors contributed to the underfunding of the IL's pension system?

Question B. How big a hole does IL face according to the state under applicable accounting rules? Is this estimate realistic?

Question C. By using the financial statements offered in the case, what broad comments can you make about the organization's well being?

Question D. What are the pros/cons of actually implementing each of these options?

Question E. If you were hired as a consultant for the pension, what 2 recommendations would you like to share with the Governor?

Reference no: EM133589594

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