Friday, January 26, 2018

Illinois ponders pension-fund moonshot: a $107B bond sale

Lawmakers are so desperate to shore up underfunded retirement plans that they're willing to entertain an eye-popping wager: Borrowing $107 billion and letting it ride in the financial markets.

from nicholemhearn digest http://www.chicagobusiness.com/article/20180126/NEWS02/180129902/illinois-ponders-pension-fund-moonshot-a-107b-bond-sale?utm_source=NEWS02&utm_medium=rss&utm_campaign=chicagobusiness

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