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Jean Pierre Aubry - Pension Crisis in Illinois

Jean-Pierre Aubry, who has done extensive research on state and local pensions at Boston College's Center for Retirement Research, gives an outsider's perspective on Illinois's severe public sector pension crisis. He discusses his research on individual state and municipal pension plans. Aubry has published many articles on the issue, including on the impact of unfunded pension liabilities on big cities, defined benefit vs. defined contribution plans, cost of living allowance (COLA) reductions, and an overview of the largest 150 state and municipal pension systems.