New Study Says Illinois Only Has 45% Of Pension Funded

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(KTVI) - In Illinois, still no resolution over how to fund the state's pension fund and now a new report shows the land of Lincoln has its work cut out for it.  A pew center study of public pension systems found Illinois is at the bottom of the list of states that don't have enough money to pay for their future retirees.

Illinois pensions are only 45 percent funded.

The study suggests a state needs to keep about 80 percent of its future liability in the bank.
Missouri fared better at 77 percent, but is still cause for serious concern according to the study.

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