Monday, January 6, 2014

Illinois Pension Law Under Scrutiny

Gov. Pat Quinn, who is seeking re-election, has declined to say whether he’ll push to keep the state's personal income tax rate. Wall Street and credit agencies are examining the state's fix to the pension law.

"SPRINGFIELD — When Illinois lawmakers narrowly approved major changes to the public employee retirement system last month, supporters touted the measure as saving $160 billion over 30 years.

While that estimate was more than a back-of-the-cocktail-napkin figure, the final version of the pension law is now being scrutinized by several other number crunchers to see if the math adds up." READ MORE

Title: "Illinois pension law under financial scrutiny" 
Author: Ray Long
Source: Chicago Tribune
Date Published: January 06, 2014

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