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Fix public pensions or watch them break the bank (Guest Opinion)

Posted on October 23, 2005

Crain's Chicago Business

In this Guest Opinion, Civic Federation President Laurence Msall argues that the Illinois General Assembly should immediately address the need to fix the gaps in the State and local public employees' pension funds. He stresses that the only responsible way to solve the pension dilemma is to ensure that new government employees receive benefits that are tied to the government's ability to pay for them.