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Pension issue gets national media attention

Evanston’s public safety pension problems draw a brief mention in a long New York Times report today about overly-optimistic assumptions made across the nation by actuaries hired to monitor public pension funds.

The story suggests a need for more regulatory oversight of actuaries to make sure taxpayers aren’t left holding the bag for overly generous, under-funded pension programs.

Meanwhile, the Chicago Tribune reports that Illinois lawmakers are considering bailing out state pension funds by issuing pension obligation bonds, a technique that Evanston aldermen have put on hold while they wait for recommendations from a blue ribbon committee they’ve named to review the pension mess. 

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