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Illinois Pension Funding Crisis Looming, Tax Measure Failure Hurts Prospects
Institute for Pension Fund Integrity [IPFI] 
[Opinion] Dec. 8, 2020 "Rather than raising taxes on the wealthiest to cover the pension deficit, the state will now have to look toward alternative measures, including broader tax increases across the board as well as cutting future pension earnings for new workers. One of the paths to reform would be a complete overhaul: a constitutional amendment to cut already-promised benefits. The state should also consider taking smaller measures, including considering more stable investments and using more realistic investment predictions." |
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