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Illinois pension promises exploded over thirty-year period

MARCH 7, 2018 | by Joshua Paladino | THE HEARTLAND INSTITUTE

“Bill Bergman, director of research at Truth in Accounting, says reforms in reporting standards are revealing problems formerly hidden by gimmicks. … 'In general, pensions get ‘underfunded’ because our governments tend to push off the costs of paying bills to a future day,' Bergman said. …”
 

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