The economic capital of Illinois and the Midwest, Chicago holds the dubious distinction of having the worst-funded public pension system of any major U.S. city.
In Illinois, public employees still have their defined-benefit pensions. Unions still negotiate and collect dues. And little public blame has been heaped on labor for the state's financial problems.
The sponsors of a new proposal to fix Illinois' pension crisis say the plan would save the state $2 billion and reduce its unfunded liability by $30 billion next year figures they hope will improve the plan's chances at the state capital.
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"uri": "/2013/12/10/pension-crisis-endangers-chicagos-future/",
"title": "Pension crisis endangers Chicago’s future",
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"summary": "The economic capital of Illinois and the Midwest, Chicago holds the dubious distinction of having the worst-funded public pension system of any major U.S. city.",
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"uri": "/2013/11/04/illinois-unions-strong-despite-blows-to-labor/",
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"summary": "In Illinois, public employees still have their defined-benefit pensions. Unions still negotiate and collect dues. And little public blame has been heaped on labor for the state's financial problems.",
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{
"uri": "/2013/05/10/illinois-committee-passes-union-backed-pension-pla/",
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"summary": "The state Senate committee says it offers the best chance at surviving an inevitable court challenge and getting out of its nearly $100 billion mess.",
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"uri": "/2012/12/26/proposed-fix-could-save-illinois-pension-system-2/",
"title": "Proposed fix could save Illinois pension system $2 billion",
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