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The Policy Shop: How bad is Illinois' pension problem?

This edition of The Policy Shop is brought to you by Director of Fiscal and Economic Research Bryce Hill. Three years ago, Illinois state lawmakers wrote to Washington, D.C., asking for a favor. Nothing major. Just $40 billion. A cool $10 billion to bail out state and local public pensions, plus extra to prop up. ....

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Report shows Illinois has worst funded pension system

(The Center Square) – Illinois currently has an estimated $429 billion in pension liabilities, which is the most in the nation, according to a recent report. Even though the state spends about $10 billion a year on pens. ....

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