Chicago, county pension funds still falling off a cliff: Civic Federation
June 25, 2012
Crain's Chicago Business
This article highlights key facts from the Civic Federation’s Status of Local Pension Funding FY2010 report that was released on June 25. The report found that the ten Chicago-area public employee pension funds had an aggregate funding deficit of $27.4 billion in FY2010, up from a $4.6 billion deficit in FY2001. The Civic Federation emphasized the urgent need for pension reform efforts in Springfield.