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Pension rainy day fund clears House

By Kate Clements
Wednesday May 3, 2006

SPRINGFIELD – After a fierce debate, the Illinois House on Tuesday approved state Rep. Naomi Jakobsson's bill to require extra state pension contributions in years with significant general revenue growth.

The measure, which now heads to the Senate, was suggested by the bipartisan Advisory Commission on Pension Benefits in a report issued in November.

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