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Sunday, July 15, 2012

Pension crisis continues: part 5

Empty Promises?--

Pension crisis continues: Dramatic rise in debt for Chicago-area pension plans - chicagotribune.com: "The main driver of the increase in pension debt continued to be a severe lack of contributions. The nearly $1 billion local governments put into the pension funds in 2010 was less than half of what was required to cover benefits promised to workers, the report found."

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Labels: debt crisis, empty promises, public pensions

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