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What happens if pension funds run out of money?

Nov 16, 2010 11:46:00 PM - chicagotribune.com
Illinois Constitution raises questions about who's on the hook if they become insolvent

With some city pension funding levels dropping below 40 percent, a question arises that seemed unthinkable just a decade ago: If a pension fund runs out of money, who pays for the retirement security promised to city workers?

USA, Illinois: (Latest Stories)