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Posted March 10, 2017 8:03 am by WirePoints Comments (2)
Illinois holds more than $66 million worth of stocks and bonds in PepsiCo, Coca Cola and Dr. Pepper Snapple alone.
2 Comments on "Sugary drink tax would be a bitter pill to swallow – Illinois Policy"
Won’t be long now until the gang members start selling individual cans of soda along with loose cigarettes, all from just across the border. The article brings up a good point about the debt if the retirement funds don’t hit their expected rates of return, which they didn’t. The ones that didn’t have a severely negative rate of return barely had a positive rate. I don’t consider .2 % to be very comforting when IMRF banked on 7.5%.
And remember that even if you assume they hit their target returns we are still underfunding them by about $3.5 billion per year (just for the five state funds), making the unfunded liability grow ever larger.
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