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Suburban taxpayers could wind up covering $76 million police pension shortfall

FEBRUARY 7, 2018 | by Jake Griffin | DAILY HERALD (ILLINOIS)

“Schaumburg expected its police pension fund to earn almost $7.5 million from investments in 2016, but instead it lost more than $1.2 million and created an $8.7 million shortfall. … But the clock is ticking for police pension funds throughout the state to comply with a 2010 law to become at least 90 percent funded by 2040.”

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