Chicago district faces looming pension crisis

03/16/2006 | Chicago Tribune (tiered subscription model)

Calling Chicago schools' pension fund a "ticking time bomb," school system leaders are suggesting a lawsuit against the state be considered as one of the ways to win more funding. They charge Illinois has fallen short on its obligation under a 1995 law to give the Chicago district 20% to 30% of what downstate teacher pension funds receive.

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