Chart: Chicago’s Ballooning Pension Contributions

Chicago pensions

Mike Corones at Reuters has produced this graphic showing Chicago’s pension payments until 2020 – and the big spike the city will begin seeing in its contributions in this year.

The city paid $476 million into its pension systems in 2014, but that total will more than double in 2015. But 2020, $476 million will seem like pocket change as Chicago will be on the hook for $1.6 billion.

Chart credit: Reuters

 

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2 Responses to “Chart: Chicago’s Ballooning Pension Contributions”

  1. […] Ballantine at Pension360 reports that Mike Corones at Reuters has produced a graphic (above) showing […]

  2. […] has covered the city’s ballooning pension payments, which could exceed $1.5 billion annually by […]

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