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Next School Crisis for Chicago: Teachers' Pension Fund is Running Dry
The New York Times; subscription may be required 
Sept. 19, 2012
"The Chicago Teachers' Pension Fund has about $10 billion in assets, but is paying out more than $1 billion in benefits a year -- much more than it has been taking in. That has forced it to sell investments, worth hundreds of millions of dollars a year, to pay retired teachers. Experts say the fund could collapse within a few years unless something is done."
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