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Chicago is exploring the possibility of pension financing

August 3, 2018

“Chicago is looking at the feasibility of bond financing as a way to stabilize funding for its four retirement systems, the city’s chief financial officer said on Thursday. … Sacks raised the idea of securitizing about $950 million of city revenue to raise $10 billion for pensions, boosting the funded ratio to 54 percent from the currently low 26 percent.”

Read the full article on: Reuters

 
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