Press Detail

Chicago pension tab: $18,596 for every man, woman, child

Posted on January 29, 2014

Chicago Tribune

This article discusses a recent survey by Morningstar that estimated public employee pension debt per-Chicagoan at $18,596. The Civic Federation said the per-capita number would be higher if it included the CTA, Chicago Park District, Cook County Forest Preserve District and the Metropolitan Water Reclamation District pension funds; as evidenced by the sharp funding decline tracked in the Federation’s annual Status of Local Pensions report.