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The resources below discuss Illinois pension reform. Illinois has suffered credit rating downgrades over its public employee pension deficit,which is over $100 billion, and has enacted some reforms as of yesterday to raise the retirement age and reduce cost-of-living increases. Coupled with Detroit, Illinois pension reform strategy may be copied by other municipal and state governments that are not funding their public employee pensions properly.
Quinn signs the pension overhaul bill: http://t.co/6qW8VMfiSI
— Chicago Tribune (@chicagotribune) December 5, 2013
pension theft in Detroit, Illinois and elsewhere takes class warfare to another level http://t.co/LQy8fyNSNH
— Dean Baker (@DeanBaker13) December 5, 2013
Unions vow legal fight after Illinois lawmakers pass $160 billion pension fix http://t.co/xs2lHkvYKK
— Chicago Tribune (@chicagotribune) December 4, 2013