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State must pay $845 million more to pension systems next year, report finds

JANUARY 3, 2019 | by Greg Bishop | ILLINOIS NEWS NETWORK

A new report on Illinois underfunded pension systems says the state needs to put more money into the benefits programs before they become unsustainable and consume an even larger share of the state's tax revenue. The state will be required to contribute $9.39 billion to six pension funds in fiscal 2020, about $845 million more than the previous year, according to the report.

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