We’ll All Feel Pension Pain

April 22, 2010  |  

(Chicago Sun-Times) — Chicago taxpayers will be forced to dig deeper — and so will city workers — to bail out four city employee pension funds that will run out of money by 2030, a Mayor Daley-appointed commission has concluded.

“There is no low- or no-cost solution to this problem. . . . Deferring action is not a viable option,” said a draft of the final report, obtained by the Chicago Sun-Times.

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