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A particularly foolish pension article by someone who should know better

JUNE 25, 2018 | by Mark Glennon | WIREPOINTS (ILLINOIS)

“… IMRF, she says, 'offers a model for how defined benefit plans can work well.' Hardly. IMRF’s high funded status results from its power, unique among Illinois pensions, that works, in effect, to force tax increases whenever necessary to fund annual contributions, in whatever-it-takes amounts, to keep its funded status healthy. … So, to say IMRF should be copied is simply to say tax increases should be automatically enforced each year to adequately fund all our pensions.” 

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