Continuing to sound the alarm on local pension funds, Chicago's Civic Federation will release a report Thursday that shows the unfunded liabilities for 10 city and county pension funds grew sixfold from 2000 to 2009, with shortfalls now totaling nearly $23 billion.No worry: Cook County voters like the status quo!
Coupled with Chicago residents' share of state pension debt, covering the unfunded liabilities of public pensions would now cost every man, woman and child in Chicago more than $11,934, up from $2,442 just a decade ago, the report found.
Thursday, February 10, 2011
New report details scope of public pension shortfalls: Deficit now equal to more than $11,000 per Chicago resident
The Chicago Tribune reports:
