Illinois' pension debt grows to $139.7 billion

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Illinois’ unfunded pension liability grew by $9.8 billion, or 7.5%, in the fiscal year that ended June 30, due in large part to market losses in a volatile economy. The Commission on Government Forecasting and Accountability reported Thursday that the total unfunded liability in the state’s five pension funds reached a total of $139.7 billion, leaving them with a funded ratio of just 44.1%.

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