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Illinois pension funding a rock bottom

New state numbers confirm that Illinois has the worst-funded pension systems of all 50 states, with just 41-point-nine-percent of its liability covered. A state legislative report says Illinois added six-point-four-billion-dollars to its shortfall in fiscal 2015, for a total of one-hundred-11-billion-dollars.

The report says the unfunded liability will rise to nearly a hundred-15-billion-dollars in the current fiscal year and could hit one-hundred-32-billion-dollars by 2029.

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