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Pensions and Politics Fuel Crisis in Illinois

Posted on May 28, 2015

The New York Times

This article discusses the Illinois Supreme Court ruling that found a 2013 State of Illinois law reducing pension benefits for State employees and retirees unconstitutional. The Civic Federation called the ruling a wake-up call and said the financial challenges the City of Chicago and State of Illinois are facing related to unfunded pensions will not be fixed without politically painful options.