Chicago pension crisis balloons, underscoring calls for reform

Chicago pension crisis balloons, underscoring calls for reform
politics.suntimes.com

Chicago’s unfunded pension obligations have ballooned to $37.3 billion — a more than three-fold increase since 2003 — because of inadequate employer contributions, declining investment income and a shrinking base of active employees, a taxpayers’ watchdog group has concluded. The Civic Federation’s…