Two of Chicago's four city pension funds will be bankrupt within a few years, according to Chicago Mayor Rahm Emanuel. You'd think that's a scenario unions – the supposed champions for public-employee retirements – would want to avoid.
But not in Chicago. Unions are fighting to block any kind of pension reform, effectively locking in bankruptcy for city-employee pension systems. (Rahm Emanuel)

Two of Chicago's four city pension funds will be bankrupt within a few years, according to Chicago Mayor Rahm Emanuel. You'd think that's a scenario unions – the supposed champions for public-employee retirements – would want to avoid. But not in Chicago. Unions are fighting to block any kind of pension reform, effectively locking in bankruptcy for city-employee pension systems.

Rahm Emanuel

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bankrupt bankruptcy block city few fighting four kind locking mayor pension reform scenario think years funds chicago

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