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How Chicago Public Pensions Got So Messed Up

Wed, 11 Dec 2013 04:07:52 CST
By: IPR's Alex Keefe

How Chicago Public Pensions Got So Messed Up llinois lawmakers may have approved a fix for the state's pension crisis. But Chicago is still facing a massive spike in required pension payments to help bring its own funds up to speed. The city's four pension systems are short by a whopping 19-and-a-half billion dollars. The roots of Chicago's crisis go back decades - thanks in large part to a quirk in state law that experts say may have set the system up to fail. IPRís Alex Keefe reports.

   
   

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