Countdown To Insolvency Begins For Chicago Pensions As State Supreme Court Rejects Reform Bid

by Tyler Durden
ZeroHedge.com
03/24/2016

“While their contributions will diminish slightly, the condition of the funds will revert back to something that is totally unsustainable and in danger of being completely insolvent within 10 to 15 years. Hundreds of millions in savings from rationalized pension benefits will be lost that will either have to be made up from reductions in city services, increased taxes or by allowing these funds to further deteriorate.”

The Rest…HERE

This entry was posted on Thursday, March 24th, 2016 at 5:19 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, Socialism. You can follow any responses to this entry through the RSS 2.0 feed.