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Mayor Warns Chicago's Pension Crisis Will Require 'Controversial' Solutions
The Huffington Post Link to more items from this source
Mar. 12, 2010
Excerpt: Mayor Daley's 32-member pension commission will soon make its recommendations to the city, and the mayor is warning everyone that their solutions to the underfunded pensions may not be pretty.... Solutions include some provisions that have long been advocated by reformers and opposed by unions. In particular, the mayor is reportedly considering a 'two-tier' pension system, where all new hires switch over to a private 401k plan.

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