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Illinois’ biggest pension lowers its key assumption to 7.5 percent from 8 percent.That means the unfunded liability increases, though TRS did not say how much that is.

Update: Crains reports that TRS says that the new numbers mean the state’s contribution to that fund for 2015 would have to be $500 million higher using the new assumption.

 

http://www.reuters.com/article/2014/06/24/usa-illinois-pensions-idUSL2N0P51YQ20140624