Chicago tackles pension problem with tax hike, benefits cut

http://www.cnbc.com/id/101544038

Under the plan, the city would collect $250 million more in property taxes over five years while workers' current 8.5 percent contributions to the city's municipal and laborers retirement systems would rise an additional 2.5 percent over five years.

Prime example of 50 years of Democratic rule folks. But hey vote them back in this time will be different they promise.