Crain's Chicago Business
This article discusses Cook County Board President Toni Preckwinkle’s request that County officials and workers unions reach consensus within 30 days on a pension reform proposal to submit to the Illinois General Assembly. The Civic Federation’s most recent Cook County analysis highlights an alarming drop in the funded status of the County’s pension fund, from 74.7% in FY2002 to 57.5% in FY2011.