Evanston faces a $145.8 million unfunded liability in its public safety pension funds — a 44% funded ratio for the police fund and 41% for the fire fund, a blue ribbon committee appointed to study the issue reported last week.

The liability does not take into account recent losses from declines in the stock market. As of March 1, the city’s pension funds totaled $108 million, of which $40 million was invested in stocks and mutual funds.

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