Friends without Benefits : How States Systematically Shortchange Teachers' Retirement and Threaten Their Retirement Security / Chad Aldeman and Andrew J. Rotherham.

To shore up the $46 billion pension debt the state has accrued over the past several decades, Illinois has been using its teachers as a piggy bank. New legislation adopted in December 2013 will raise the retirement age for mid-career workers and limit the amount retiree pensions can increase with in...

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