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Pensions Aren't the Problem, cont.

8:16 AM, Apr 11, 2011 • By MICHAEL WARREN
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I haven’t studied the case law behind this provision or examined Mr. Cross’ bill in depth but it seems like there would be a very credible court challenge to Mr. Cross’ legislation. In the end, Illinois may do the best by making up for its past underfunding of the pension system by sticking with the helpful changes it has already made, paying the promised benefits and finding cuts in places where they won’t face constitutional challenges.

Read Andrew Biggs and Eileen Norcross's first response to the article here.

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