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Chicago's Pension Debt Soared $1.7B in 2019

from WTTW

Chicago's Pension Debt Soared $1.7B in 2019 WTTW Chicago’s pension debt soared by approximately $1.7 billion in 2019, according to the city’s audited annual financial report released Thursday. In all, Chicago owes $31.79 billion to its four employee pension funds representing police officers, firefighters, municipal employees and laborers, according to the 2019 Certified Annual Financial Report. That is an increase of nearly 5.6% from 2018, according to the report. READ MORE

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