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Another Illinois Pension Plan Sells Investments to Cover Benefits
Pensions & Investments; registration may be required Aug. 24, 2010 Excerpt: Illinois Teachers' Retirement System ... plans to sell $3 billion in investments, or about 10% of its $33.1 billion in assets, in the current fiscal year to pay pension benefits .... The system is the fifth Illinois statewide defined benefit plan to sell off investments this fiscal year to pay benefits. |
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