Opinion: Coronavirus will make America’s cities feel the pressure of pension debt – MarketWatch

"My preliminary analysis of the Public Pension Database, which collects data on the largest state and local plans in the country, shows that even before the pandemic, such populous cities as Chicago, Philadelphia and Dallas, along with at least three other smaller cities, have less than 50 percent of what they need to be able to pay their retirees what’s owed...It might be tempting to blame a global pandemic for the upcoming municipal public pension troubles, but this crisis was brewing for many years."