Illinois comptroller says cash crunch will delay pension payment

Reuters News
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Posted: Oct 14, 2015 2:52 PM

CHICAGO (Reuters) - Illinois Comptroller Leslie Munger said on Wednesday a $560 million November pension payment will be delayed due to a cash crunch stemming from the state's budget impasse.

Despite the delay, state pension funds will be paid in full by the end of fiscal 2016, Munger said at a news conference in Chicago.

(Reporting by Karen Pierog; Writing by Fiona Ortiz)