Chicago's Shaky Pension Funds Face Increasing Risk

Already on thin ice financially, the city's pensions could take an even deeper hit in 2023 if the market rout continues to erode returns.

By Shruti Date Singh | December 27, 2022 at 09:41 AM

Photo: The Chicago skyline. Photographer: Scott Olson/Getty Images North America

As 2022 unfolded, Chicago's long-troubled pension funds faced a new shortfall: A delay in property tax receipts left the system without enough money to pay the city's retirees.

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Pension Management

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