By “meep,” includes “… What I have in the record is that Chicago has been contributing $289 million every year to the pension, for the last 5 years. If I assume a benefit cash flow growth rate of 4% and investment return of 7%, MEABF would need more than 10% per year increase in contributions. By 2032, when the assets get close to 0 in that projection, that means $1.7 billion in contributions. You think they’re anywhere near tp boost their contributions to the pensions by more than $1 billion/year? Because that’s essentially what they need. …”
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