Local News

Chicago pension debt: $18,000 per person

moneyThe City of Chicago is swimming in pension debt.

A new study by the investment research company Morningstar finds, the city’s pension liability amounts to more than $18,500 for every person in the city.

That’s twice as bad as the next most debt-ridden city, New York.

The Civic Federation says the figure doesn’t include the pensions debts of the CTA, Chicago Park District, Cook County Forest Preserve and Metropolitan Water Reclamation District.

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6 Comments to “Chicago pension debt: $18,000 per person”

    CHOI said:
    January 29, 2014 at 9:08 AM

    This city is going to go crazy when workers really find out how much they have been screwd. democrats and republicans are all the same they steal your money.

    Lawson said:
    January 29, 2014 at 9:19 AM

    Start packing up the moving van. Chicago and Illinois is going down.

    Richard said:
    January 29, 2014 at 9:24 AM

    Insane. The politicians that allowed this to happen in the first place should be locked away for life.

    smitty said:
    January 29, 2014 at 11:23 AM

    Chicago is turning into another Detroit.

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