Saturday, July 14, 2012

Pension crisis continues: part 4

Pension crisis continues: Dramatic rise in debt for Chicago-area pension plans - "In percentage terms, Chicago's plan for municipal employees received the lowest amount of required contributions in 2010. The city put in just 32 percent of what was needed to cover benefits. With more than $6 billion in unfunded liabilities, the municipal pension plan also has the largest debt load of any Chicago-area fund."

So who's going to pay to make up the difference?

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