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Good Illinois pension news doesn’t alleviate underlying financial pressures, report says

DECEMBER 13, 2021 | by Jerry Nowicki | THE STATE JOURNAL-REGISTER

By Jerry Nowicki, includes “… it once again called on the state to revamp the much-maligned 1994 ‘Edgar Ramp’ plan for paying down pension debt. … The actual target for that ramp should be a 100 percent-funded pension system within the next 25 years or preferably sooner, according to a letter attached to the COGFA report from its actuary, Segal Consulting. … Gov. JB Pritzker’s administration has fully funded the pension system at Edgar Ramp levels in each of his first three years, although he briefly considered lowering the payment in his first year before quickly dropping the plan.”

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