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Johnson, Richard W.; Southgate, Benjamin G. – Urban Institute, 2015
The Teachers' Retirement System of the State of Illinois is one of the worst-funded public pensions in the nation. In 2013, it held enough assets to cover only 41 percent of its future obligations (Buck Consultants, 2014). This shortfall has led to several reforms, mostly involving benefit cuts that have undermined retirement income security for…
Descriptors: Teacher Retirement, Retirement Benefits, Public School Teachers, Retrenchment