Illinois pension fund liability jumps 19%
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Illinois adjusted net pension liability will total $317 billion for the current year, according to Moody s Investors Service.
The total reflects the June 30 funding position of the state s five pension plans connected with the state s June 2021 financial reporting, a report issued Wednesday by Moody s said.
The revised liability total is based on the aggregate adjusted net pension liability of Illinois five state pension funds as of June 30, which represented a 19% increase from the prior year. The increase was driven by the fall of the FTSE Pension Liability index to 2.7% as of June 30 from 3.51% a year earlier.
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