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New report details scope of public pension shortfalls

Feb 10, 2011 1:06:10 AM - chicagotribune.com
Deficit now equal to more than $11,000 per Chicago resident

Continuing to sound the alarm on local pension funds, Chicago's Civic Federation will release a report Thursday that shows the unfunded liabilities for 10 city and county pension funds grew sixfold from 2000 to 2009, with shortfalls now totaling nearly $23 billion.