US - Illinois governor Rod Blagojevich has announced plans to privatise the state lottery and sell US$16bn in bonds in a bid to rescue the state's beleaguered pension fund.
Together these new plans would generate $26bn. Blagojevich originally proposed privatising the lottery last summer with the estimated $10bn it would generate intended for the state’s schools. Cr...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
