Illinois Claws At Mountain Of Unfunded Pension Liability

The state has the largest pension-fund shortfall in the nation, with about $96 billion of liability. Lawmakers are running up against a tight deadline: A new Legislature will be sworn in next week. State employees swarmed the Capitol this week to protest the underfunding of their pensions, as well as pending legislation on the issue.

Source: http://www.npr.org/2013/01/05/168669269/illinois-claws-at-mountain-of-unfunded-pension-liability?ft=1&f=100

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