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Pension funds' deep debt quandary : Is consolidation the way to go for state's municipalities?

Aug 11, 2019 - Chicago Tribune

Mounting debt in more than 650 police and fire pension funds statewide is squeezing municipal budgets, crowding out services and threatening to add to ever-rising property tax bills as officials have repeatedly failed to reach consensus on an overhaul.

Cities and towns have long been at odds with police and firefighter unions over the most talked-about solution, consolidating the funds, and a handful of bills aimed at fixing the problem went nowhere in the General Assembly's spring session...