The Heartland Institute is a national nonprofit research and education organization whose mission is to discover, develop, and promote free-market solutions to social and economic problems.
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Apr 13, 2012
Retired Illinois Teachers May Pay the Price of State Insolvency
Vicki AlgerA confidential memo from the director of Illinois’ largest state pension system said decades’ worth of unfunded liabilities may require the state to cut benefits for current and retired teachers. With the state currently owing $43 billion to the fund, Illinois Teachers Retirement System Director Dick Ingram cited forecasts predicting ...