The provisions of Public Act 98-0622 will not go into effect until January 1, 2015, but the changes to Chicago Park District employee and retiree pension benefit levels have already reduced the fund’s unfunded liability by $109.4 million or 18.5% and increased the funded ratio by five percentage points to 45.5%.

http://www.civicfed.org/civic-federation/blog/chicago-park-district-pension-fund-shows-positive-impact-pension-reforms