Aldermen reminded of looming pension crisis
September 26, 2012
Officials from the City of Chicago’s five public employee pension funds will brief aldermen on the state of the plans at an October 1st meeting of the City Council’s Workforce Development and Audit Committee.. The Civic Federation said Springfield has so far made little progress on urgently needed pension reforms. The Federation’s latest Status of Local Pension Funding report shows a sharp financial decline of Chicago-area public employee pension funds.