Status of Local Pension Funding Fiscal Year 2006: An Evaluation of Ten Local Government Pension Funds in Cook County

This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2006. It finds a combined 18.3 billion dollars in unfunded liabilities for the ten funds, and makes numerous recommendations on legislative actions that should be taken to slow the downward spiral of pension underfunding.