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Asset transfers, consolidation eyed for Illinois pension quagmire

from The Bond Buyer

Pension fund consolidation and asset transfers are emerging as focal points in Illinois Gov. J.B. Pritzker’s search for solutions to the state's pension underfunding. Pritzker named two groups tasked with recommending potential fixes. One task force will explore the consolidation of pension funds, beginning with the more than 600 downstate police and fire funds, and then three of the state’s five pension funds. more

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