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Larry Bomke - Pension Crisis in Illinois

Senator Larry Bomke of Springfield, Illinois discusses the evolution of the Illinois state pension crisis. Bomke talks about the Illinois legislature's attempts to reform Illinois’s pension system. He discusses the effects of a law passed during the Edgar administration requiring the state to pay an ever increasing amount to the pension system (pension ramp), and of the law passed during the Blagojevich administration authorizing pension holidays.

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Feature Excerpt

Pension Holidays

Abstract

Interview Session (Audio)



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