• HOME :
  • NEWS :
  • CHICAGO’S PENSION DEBT CONTINUES TO RISE, INCREASING $1.1 BILLION IN 2020: CITY ANALYSIS

Chicago’s pension debt continues to rise, increasing $1.1 billion in 2020: City analysis

JULY 8, 2021 | by Heather Cherone | WTTW-TV (ILLINOIS)

By Heather Cherone, includes “… Chief Financial Officer Jennie Huang Bennett said that growth was ‘fully anticipated’ because the city is now required to contribute to its pension funds based on actuarial estimates. That requirement, which took full effect in 2020, has helped balloon the city’s structural deficit.” (Note: Insert "scratching my head" emoji here.)

VIEW LESS