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.

Filed in: News


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