We’ll All Feel Pension Pain
(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.