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Chicago's Pension Patch Job?
Pension Pulse
[Opinion] May 25, 2016
"In Chicago, powerful public unions are going head to head with a powerful and unpopular mayor who got rebuffed by Illinois's Supreme Court when he tried cutting pension benefits. Now, they are tinkering around the edges, increasing the contribution rate for new employees of the city's smallest pension, which is not going to make a significant impact on what is truly ailing Chicago and Illinois's public pensions. All these measures are like putting a band-aid over a metastasized tumor."
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