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Resource ID: #26700
Subject: Retirement
Source: Better Government Association
Affiliation: 
Date: August 5, 2014 and December 6, 2014

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Description

Police and fire retirement plans in suburban Chicago are woefully underfunded by more than $3 billion, an investigation by the Better Government Association found. Not only is this bad news for pension plan members but it also puts taxpayers on the hook for potential bailouts. In a follow-up piece, we analyze the prospects for municipal bankruptcies brought on by the funding shortfalls.

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