Salary 'Sweetening' Adds To Pension Crisis

07/16/2010 02:04 pm ET | Updated May 25, 2011
  • July 15, 2010 11:46 PM Chicago Breaking News

Some municipalities are sweetening deals for their top police and fire administrators even as they call for pension reform in Springfield.

Illinois' pension system -- including police, fire and public-sector employees -- is the most underfunded in the nation, according to the Pew Center for the States, with only about half the assets needed to cover a staggering $60 billion in liabilities.

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