Press Detail

Preckwinkle, unions strike deal on county pensions

Posted on May 16, 2014

Crain's Chicago Business

This article discusses a tentative agreement reached to stabilize Cook County’s Pension Fund through a combination of benefit and funding reforms. A recent Civic Federation blog post compared funded ratios of the Cook County Pension Fund between FY2004 and FY2013. At the Fund’s current rate of decline, it is projected to become insolvent in 2038.