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Chicago tops Moody's list of public pension problems

The ratings service ranked the funds based on their adjusted net pension liabilities when compared to their net operating revenue.

By Dan Berman | Updated on September 26, 2013

Chicago’s public pension fund was rated the worst of 50 plans recently evaluated by Moody’s.

The ratings service ranked the funds based on their adjusted net pension liabilities when compared to their net operating revenue. Chicago, based on 2011 data, had a ratio of 678 percent, Moody’s said. The second-worst fund was Cook County, the home of Chicago, which came in at 382 percent.

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