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State Pension Systems Selling Assets
Call it what you want -- the other shoe falling, another domino dropping -- but the state's pension systems are thinking about selling off some assets to keep up with the checks they have to write.

Dave Urbanek, spokesman for the Teachers Retirement System of the State of Illinois, says people depending on the checks will not have to worry. But the problem is that when you own something, you can sell it only once.

Urbanek hopes money from the General Assembly will replace the assets sold, calling the situation "one step forward and one back." He says the system must generate about $250 million a month.

(Illinois Radio Network)
08 29 10 by Newsroom
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