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NORTH RIVERSIDE NOT ALONE IN PENSION CRISIS

There are 217 police and fire pension funds in suburban Cook County. The taxpayer-supported systems, with collective assets of nearly $5 billion, are intended to provide public safety workers and their families with stable retirement incomes.

 

But a Better Government Association Rescuing Illinois analysis found dozens of local police and fire pension funds are in financial peril, putting retirement incomes at risk, as well as the fiscal health of numerous municipalities.

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