01.05.2015 19:07:00
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Chicago (City of) IL -- Moody's: Regardless of legal and political outcomes, Chicago's pension pressures will grow for years
New York, May 01, 2015 -- Chicago's (Baa2 negative) pension plans face an uncertain future. Statutes that govern the city's pension funding requirements have come under legal and political fire, particularly during the last year, as pensioners, politicians, taxpayers and investors have questioned the laws' constitutionality and affordability, Moody's Investors Service says in a new report.