Chicago pension law ruling expected

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CHICAGO -- A judge will rule Friday on the constitutionality of a state law aimed at stabilizing two of Chicago's struggling pension funds.

The law that took effect this year, reduced cost-of-living increases and requires workers to pay more.

The city also had to increase its contribution to the municipal and laborers' pension funds.

The city says if the law is voided, the two systems would run out of money within 10 to 13 years.

Opponents cited a state Supreme Court ruling from a similar case in May. It says Illinois' constitution protects public sector workers from pension benefit cuts.

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1 Comment

  • joe

    We all know the ruling. PAY, PAY, PAY. I say let the pensions run dry. No one wants to compromise on the unsustainable pension obligations. And, the taxpayers pay the price.