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230,000 workers in Chicagoland could lose their pensions

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Pensions for thousands of carpenters, suburban teachers, plumbers and pipe-fitters could be slashed by 30-80% because of big problems with their pension funds. And taxpayers may have to bail them out. Those pensions for more than 230 thousand unions workers and retirees in the Chicago area may not materialize as promised unless Congress comes up with a solution. The U.S. Department of Labor says there are 31 pension funds in our area that are in danger of going belly up. Paul Merrion of Crain’s Chicago Business has the story and joins us on the line.​

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