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Saturday, November 2, 2013

Illinois’ $40 Billion Teacher Pension Underfunded by $55 Million

Dick Ingram, executive director of the Illinois Teachers’ Retirement System, says the retirement system for 390,000 public school teachers in Illinois is spending more money than it’s taking in.

In a few decades the TRS faces a real possibility that the system will not have enough money to pay benefits to retirees (those currently in their 20s and 30s and 40s) [...]

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