Chicago pensions: a preview of coming attractions for Medicare & Social Security?

Chicago pensions: a preview of coming attractions for Medicare & Social Security?

Chicago’s pension system (for police and firefighters) is all-but-officially bankrupt, and Chicago’s property owners look like the most likely target for the city’s desperate attempts to save it. According to a report by Nuveen Investments, a state law passed in 2010 — but that kicks in next year — requires Chicago to massively increase its pension payments in…