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Illinois House Bill Raising Required Employee Pension Contributions Stalls
Bloomberg Link to more items from this source
Jan. 7, 2013
"The prospects of Illinois lawmakers resolving a $97 billion unfunded pension liability dimmed as the House adjourned today without any clear indication that a majority would support a bill making state employees and teachers pay more for their retirement benefits.... Illinois has the weakest pension system in the U.S., with 39 percent funding for five major groups of public employees ... Lawmakers have repeatedly failed to overcome political obstacles to fixing the system."

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