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County employee pensions may come up short

Posted on February 03, 2005

Chicago Sun-Times

This article discusses the release of The Civic Federation's Status of Local Pension Funding FY2003 report. The report finds that, despite recent gains in investment returns, the combined unfunded liabilities of the nine major government pensions in Cook County continue to grow. Combined unfunded liabilities reached $9.7 billion in FY2003.