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Illinois' Pension System: Woefully Underfunded and Scandal-Plagued
The Heartland Institute 
Feb. 23, 2006
Excerpt: Despite the infusion of borrowed money, the state's unfunded pension liability stands at an estimated $38 billion, the largest unfunded liability in the nation, according to State Sen. Bill Brady (R-Bloomington), who served on the Governor's Pension Commission.
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