TITLE

Chicago Tries to Puzzle Out Pensions

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2010
SOURCE
Investment Management Weekly;5/5/2010, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reveals that a special pension commission in Chicago, Illinois has recommended an increase in contributions and policy changes to address the pension funding crisis. The proposals were criticized by several panel members as inadequate since there is a need for more dramatic action to avert the looming shortfalls. Pension plans that adopt an actuarial-based funding policy were recommended by the commission instead of the current policy of employee contributions being based on a percentage of salary.
ACCESSION #
50449336

 

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