Experts Say Chicago Has A Public Pension System Set Up To Fail
Illinois lawmakers may have approved a fix for the state’s pension crisis. But Chicago is still facing a massive spike in required pension payments to help bring its own funds up to speed. The city’s four pension systems — for police, firefighters, laborers and municipal workers — were short by a whopping $19.5 billion at the end of 2012. That does not include the ailing pension fund for Chicago ... Read News
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