Illinois budget that saved it from brink may add to pension debt

July 14, 2017

By Elizabeth Campbell, includes “…“The phase-in of the actuarial assumption is another exercise in kicking the can down the road, but we’re not sure how far the can travels,” said Dave Urbanek, spokesman for the Illinois Teachers’ Retirement System, the state’s largest pension, which has $73 billion of unfunded liabilities. “You pay less now, pay more later.” …”

Read the full article on: Bloomberg

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