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Fitch lowers U.S. pension discount rate, putting Illinois in a deeper hole

June 12, 2017

By Justin Stoltzfus, includes "... Bill Bergman at Truth in Accounting told the Sangamon Sun that increasing projected pension liabilities according to a lower discount rate is a classic example ... A simple analogy, he said, is the age-old slogan, "a bird in the hand is worth two in the bush," which he said captures the philosophies of these financial equations "in all their glory." ..."

Read the full article on: Sangamon Sun

 
 
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