Mayor Emanuel Announces Final Pension Funding Solution Reached In Partnership With Union Leaders For Municipal Employees’ Annuity And Benefit Fund

Agreement Identifies Reasonable Funding Solution and Shared Path Forward to Stabilize Fourth and Final Pension Fund
CHICAGO--(ENEWSPF)--August 4, 2015.  Mayor Rahm Emanuel and the City’s union partners announced yesterday an agreement in principle to put the Municipal Employees’ Annuity and Benefit Fund (MEABF) on a path to solvency. If approved by City Council, this final agreement, just as the three pension agreements before it, represents a shared solution for securing the retirements of employees and retirees, while protecting Chicago taxpayers from solely bearing the full burden of growing pension costs in the future.

"This agreement represents an . . .

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