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Politicians helped bring pension funds to brink of insolvency

Nov 16, 2010 9:33:00 PM - chicagotribune.com
Inadequate contributions, underperforming investments have also jeopardized the retirement of tens of thousands of city workers and put taxpayers on the hook for billions of dollars

Chicago's public pension funds are teetering on the brink of insolvency in large part because city officials and union leaders repeatedly exploited the system, draining away billions of dollars in the last decade to serve short-term political needs, a Tribune investigation has found.

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