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Pension buyout saved state a fraction of early projections

JULY 25, 2019 | by Karen Kidd | PRAIRIE STATE WIRE (ILLINOIS)

“The pension buyout plan that was supposed to save Illinois $445 million in fiscal 2019 did not come close to achieving its goal, a nonpartisan policy-analysis group recently announced. Illinois' pension buyout saved only $13 million with the wildly inflated initial estimate …”

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