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City overstates furlough savings, inspector general says

Feb 8, 2011 10:58:10 PM - chicagotribune.com
Officials failed to account for shortfall in pension contributions from its employees

Chicago's public pension funds, already reeling from years of inadequate contributions, took another financial hit when Mayor Richard Daley's administration and the city's unions agreed to require workers to take unpaid furlough days, according to a report released Tuesday by Chicago's inspector general's office.

USA, Illinois: (Latest Stories)