Government
$999 million out, $90 million in: Chicago pension funds see the abyss, shrug it off
n 2015, the City of Chicago’s two employee pension funds paid out $999 million to 29,286 retirees.
n 2015, the City of Chicago’s two employee pension funds paid out $999 million to 29,286 retirees.
The pension fund for Wheaton firefighters is now underfunded by more than $10 million, a deficit that’s nearly doubled over the past 10 years, according to a report released by the Illinois Department of Insurance.