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News Link • Government Debt & Financing

Illinois Gives Plan Details for Bailout of Pensions

• New York Times
Seeking to repair one of the nation’s worst-financed public pension systems, legislative leaders in Illinois on Friday began urgently trying to sell a rescue plan that cuts cost-of-living increases for retirees, raises the age of retirement for some employees, and sets a cap on pensions for those with the highest salaries....

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