Illinois to Postpone Pension Payments: We Are out of Money NowBy Joshua Krause Theyre essentially rationing and juggling the finances of their public institutions until the government comes up with a budget. This has resulted in a frightening situation for Illinois retirees, since the state has announced that theyre going to hold off on paying their pension department for the near future. According to Comptroller Leslie Munger, Illinois will have to postpone a $560 million payment that was due to the states retirees in November, and the system wont be paid in full until June. Munger told reporters on Wednesday that this decision is choosing the least of a number of bad options. However, she wouldnt go so far as to use scary words like bankruptcy insolvency or default, even though they perfectly describe the financial mess that her state is in. She told the reporters that for all intents and purposes, we are out of money now. Image Credit: Bryan Brandenburg Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshuas reports at Facebook or on his personal Twitter. Joshuas website is Strange Danger. How do you write such a POS and half truths and call yourself a serious writer? Easy. Ignore verifiable sourcing. Thank you!!! Exactly!! All these states have massive off budget surpluses that they dont want us to know about call Comprehensive Annual Financial Reports (CAFRs). 