“Schaumburg expected its police pension fund to earn almost $7.5 million from investments in 2016, but instead it lost more than $1.2 million and created an $8.7 million shortfall. … But the clock is ticking for police pension funds throughout the state to comply with a 2010 law to become at least 90 percent funded by 2040.”
Read the full article on: Daily Herald (Illinois)