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Pension ruling will cost Chicago taxpayers dearly

from Crain's Chicago Business

One group is proposing a constitutional amendment, and another is pushing to shift the city workforce to 401(k)s. The Rauner administration is mumbling about municipal bankruptcy, and Mayor Rahm Emanuel about returning to the bargaining table and somehow crafting a new "shared path forward" with organized labor. Don't hold your breath about any of that actually happening. more

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