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Illinois Pension Plans on Road to Ruin
Pensions & Investments Link to more items from this source
Oct. 24, 2012

"Pension costs are projected to take up 25% of the state's budget in fiscal year 2015, up from 8% in 2008 and 20% in 2012. Each of the state's five pension funds, with an estimated $85 billion in combined unfunded liabilities, is less than 41% funded. More than 60% of the state's total outstanding debt is due to pension bonds."

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