Why does the Illinois teachers' pension system have a deficit?

Dick Ingram, the executive director of the Teachers' Retirement System, explains why he thinks the pension system faces a $71.4 billion unfunded liability. Ingram spoke to metro-east teachers and the general public during a town hall-style meeting
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Dick Ingram, the executive director of the Teachers' Retirement System, explains why he thinks the pension system faces a $71.4 billion unfunded liability. Ingram spoke to metro-east teachers and the general public during a town hall-style meeting