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Illinois owes $129 billion to its five retirement systems after years of failing to make adequate annual contributions -- but the state’s constitution bans any reduction in worker retirement benefits. (Photo: Shutterstock)

(Bloomberg) – Lawmakers in Illinois are so desperate to shore up the state’s massively underfunded retirement system that they’re willing to entertain an eye-popping wager: Borrowing $107 billion and letting it ride in the financial markets.

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