Brexit and Chicago’s potential bankruptcy

By Ted Dabrowski, John Klingner
06/25/2016
Pension funds aren’t immune to the volatility of the stock market. Even before Brexit, Moody’s warned that low investment returns are already putting Chicago’s pension funds at risk. A major stock market correction or another recession just might put Chicago and CPS over the edge if their already-underfunded pension systems collapse.

TAGS: bankruptcy, Chicago, municipal pensions, pensions, Rahm Emanuel