When Do City Pension Plans Run Dry?

Actuary John Bury has an analysis of when city pension plans are scheduled to run out of assets. Philadelphia, Chicago, and Detroit have about seven or eight years left. He finds that Washington, D.C.’s plan is in good shape, and not slated to run out of assets til 2053. Milwaukee only has until 2012. As with many plans Milwaukee is now paying the price for pumping up pension promiese during the booming 1990s.