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. Based on the new Moody’s methodology, which uses more conservative assumptions, Chicago’s 2012 pension shortfall jumps nearly 90 percent, to $36 billion from $19 billion. billion in 2015 from $467 million in 2014. Also consider Chicago’s triple-notch credit downgrade.
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