Retirement for Chicago Park District Employees, With Full Benefits: Age 58; Reflections on Chicago's Second Triple-Notch Bond Downgrade in Six Months
MishTalk
NOVEMBER 12, 2013
Pension costs are already unraveling the state’s finances. The agency made good on its April 2013 promise to evaluate state and local pension plans on more realistic assumptions. Under new Moody’s methodology, the underfunding for the state’s five state-run funds is set to approach $200 billion. This is a triple-notch downgrade.
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