SPRINGFIELD, Ill. (AP) — Stable state funding over the last two years meant key Illinois state employee pension funds didn’t have to sell assets to meet payments in 2013, according to a report released Thursday.
The State Retirement Systems, covering pensions for ex-state employees, judges and lawmakers, withdrew $29.7 million in 2013, down 88 percent from $248.7 million a year earlier, Auditor General William Holland wrote in an annual financial audit of the Illinois State Board of Investment.
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