19th Ward Chicago: And not a mention of this by any mayoral candidate, on the weekend before the election

Saturday, February 21, 2015

And not a mention of this by any mayoral candidate, on the weekend before the election

CHART: CHICAGO’S BALLOONING PENSION CONTRIBUTIONS

Ted Ballantine at Pension360 reports that Mike Corones at Reuters has produced a graphic (above) showing Chicago’s pension payments until 2020 – and the big spike the city will begin seeing in its contributions in this year.

The city paid $476 million into its pension systems in 2014, but that total will more than double in 2015. But 2020, $476 million will seem like pocket change as Chicago will be on the hook for $1.6 billion.

Chart credit: Reuters

3 comments:

Anonymous2/22/2015
BANKRUPTCY WILL BE FILED BY JUNE. END OF THE CRISIS.
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Anonymous2/22/2015
I presume that a bankruptcy means the city won't have to make their contribution.
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Anonymous2/22/2015
Thank God for 20 and 50 back Aunt Janie's days.
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