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Asset transfers’ to pensions: Be afraid

MARCH 11, 2019 | by Mark Glennon | WIREPOINTS ILLINOIS NEWS

At its core, the concept is exceptionally simple. In practice, however, it’s exceptionally subject to smoke and mirrors and would further obscure a pension system that’s already far too opaque. More importantly, asset transfers do nothing to improve the state’s overall fiscal health. Just convey ownership of some public assets to the pension, for free, in addition to the cash contributions taxpayers make now.

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