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Illinois Teachers Pension Fund Cuts Assumed Rate of Return to 8% from 8.5%
Pensions & Investments 
Sept. 23, 2012 "[T]he new assumed rate ... will increase the retirement system's long-term unfunded liability to 57.6% from the current level of 54.8%. Illinois' required annual contributions beginning in 2014 will increase as a result of the lower assumed return rate, to $3.37 billion compared to $3.07 billion using an 8.5% return assumption." MORE >> |
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