By Ted Ballantine, Pension360:
Among the country’s largest cities, Chicago’s per-capita pension debt is unmatched — in a bad way. Check out the chart below to see just how much pension debt each person in Chicago is shouldering compared to other large cities.
Here’s how Chicago’s unfunded liabilities broke down by system as of 2012, according to the city’s website:
– Municipal Employees’ Annuity & Benefit Fund of Chicago (MEABF): $8.2 billion
– Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund (LABF): $0.9 billion
– Policemen’s Annuity & Benefit Fund (PABF): $7.0 billion
– Firemen’s Annuity & Benefit Fund (FABF): $3.1 billion
– Chicago Teachers Pension Fund (CTPF): $7.1 billion
– Park Employees Annuity and Benefit Fund (PEABF): $0.4 billion
By Ted Ballantine, Pension360
A few states consistently pop up as having the most pension debt. Hawaii isn’t always on that list. But it should be. Read… Hawaii: Fiscal “Sinkhole State”
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