Monday, April 09, 2012
Cook County also faces pension funding gap, WILL GO BROKE IN 26 YEARS - new analysis says - THIS IS THE BIG SET UP TO BLEED EVERY COUNTY WORKER DRY!
Cook County's pension fund will go broke in 26 years without changes that could include an increase in employee contributions and later retirement ages, according to a new analysis. The report, done under the direction of county Commissioner Bridget Gainer in her role as chairwoman of the board's pension-oversight panel, shows that it's not just state and city pension funds that have perilous futures.
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