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The drastic, risky, measures to fix America’s brokest pension systems

MARCH 1, 2019 | by Liz Farmer | GOVERNING

Kentucky and Illinois are weighing extreme options to reduce their pension debt -- but critics say they could ultimately cost the states more. … Newly elected Gov. J.B. Pritzker’s administration is pushing a plan that -- if it fails -- could result in Illinois being the first state in the modern era to be downgraded to junk status.

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