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
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. Under new Moody’s methodology, the underfunding for the state’s five state-run funds is set to approach $200 billion.
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