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.
source

 "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
Posted by at 11:30 AM

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