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A glimmer of hope on Illinois' pension mess

from Crain's Chicago Business

Amid all the woe and worry over public-employee pension funding shortfalls in Illinois, it's nice to see a little good news. A recent report from pension consultants at Mercer shows that funding levels at corporate pension plans have reached their highest level since the financial crisis of 2008. As of Nov. 30, pension plans sponsored by companies in the Standard & Poor's 1500 had enough assets to cover 93 percent of their obligations to current and future retirees, according to the report. more


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