Saturday, March 05, 2011

State's long-term pension debt jumps sharply

State's long-term pension debt jumps sharply - DailyHerald.com
"Illinois government employees, downstate teachers and university staff have been promised $139 billion worth of retirement benefits, but the pension systems have only $63 billion in assets.

Eventually, the state will have to come up with money to make up that difference."

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