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The state's pension reality gap is about to get even wider

AUGUST 10, 2016 | by Joe Cahill | CRAIN'S CHICAGO BUSINESS

By Joe Cahill, includes "Think a $111 billion pension funding shortfall is huge? Wait until reality takes another bite out of Illinois public employee retirement plans. Shrinking investment returns, historically low interest rates and general volatility in capital markets are forcing state plan administrators to reconsider their assumptions about how much their portfolios will grow over the long term ..."

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