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JP Morgan Chase Settlement Nets $100M for Pension Systems
JP Morgan Chase Settlement Nets $100M for Pension Systems

Illinois’ public pension system is getting $100 million from a settlement with JPMorgan Chase.

Attorney General Lisa Madigan says the money comes from a nationwide $13 billion deal between the bank, the U.S. Justice Department and several states.

More than $72 million heading to Illinois will go to the Illinois Teachers Retirement System. Another $16 million will go to the State Universities Retirement System, while $11 million will go to the Illinois State Board of Investment.