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Cook County faces pension funding gap


Source: Chicago Tribune

April 09, 2012 @ 6:05 AM

Cook County's pension fund will go broke in 26 years without changes that could include an increase in employee contributions and later retirement ages, according to a new analysis. The report, done under the direction of county Commissioner Bridget Gainer in her role as chairwoman of the board's pension-oversight panel, shows that it's not just state and city pension funds that have perilous futures.

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