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Pensions & Investments: “2 Cook County pension funds see funded status decline”

May 10, 2013 By: Rick Baert Cook County Annuity & Benefit Fund had a funding ratio of 53.5% in 2012, while the Cook County Forest Preserve District Employees’ Annuity & Benefit Fund had a 56.7% funding ratio, according to an …

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Chicago Tribune: “IL Senate passes pension bill, sets up showdown with House”

May 9, 2013 Chicago Tribune Clout Street Blog SPRINGFIELD – Senate President John Cullerton today sent his version of pension reform to the House, setting up a high-profile clash with the rival plan Speaker Michael Madigan already pushed through the …

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The Southern: “Panel advances pension fix; Senate & House plans competing for support”

May 9, 2013 By: Kurt Erickson, Springfield Bureau SPRINGFIELD – A game of legislative chicken over pension reform moved into its second week Wednesday when a Senate panel endorsed a union-backed proposal designed to repair the state’s broken retirement systems. …

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Crain’s: “Illinois Senate committee OKs Cullerton pension plan

May 9, 2013 (AP) — A Senate committee approved a union-backed approach for dealing with Illinois’ pension crisis Wednesday, saying it gives the state its best chance at surviving an inevitable court challenge and getting out of its nearly $100 …

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Evanston Now: “Five Key Facts About Union Pension Reform”

May 7, 2013 By: Benjamin Yount (submitted by Bill Smith) SPRINGFIELD – Illinois’ public sector unions, and the state’s Democratic Senate president, are trumpeting a new pension reform proposal. Senate President John Cullerton unveiled the plan backed by Illinois’ major …

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