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Cook County Pension Fund Should Hike Contributions, Exec Contends
Pensions & Investments 
Apr. 11, 2012 "Cook County Annuity & Benefit Fund, Chicago, needs drastic pension reform, including an increase to employee and employer contributions, to prevent the pension fund from becoming insolvent in 2038, according to a report by county Commissioner Bridget Gainer, chairwoman of the county's pension oversight committee.... The funded status has dipped to 60% from 90% in the last 10 years, according to the report." MORE >> |
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