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Illinois pension law saves $15 billion less than first thought

from Chicago Tribune

New calculations show the state will save about $15 billion less than initially projected from the controversial major government worker pension overhaul that lawmakers and Democratic Gov. Pat Quinn approved last month. Critics who say the pension law didn’t go far enough cried that supporters are “backtracking” on the savings and point to the change as a sign more money-saving changes to public employee retirement systems will be needed. more

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