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  5. 654 N.E.2d 483 (1995)
 

RYAN v. CITY OF CHICAGO

Nos. 1-92-1435, 1-92-4454, 1-93-0832, 1-93-0966 and 1-93-4)967.

654 N.E.2d 483 (1995)

274 Ill.App.3d 913

211 Ill.Dec. 21

Martin RYAN, et al., Plaintiffs-Appellees, Cross-Appellants, v. The CITY OF CHICAGO, a municipal corporation, Firemen's Annuity and Benefit Fund of Chicago, Defendants-Appellants, Cross-Appellees.

Appellate Court of Illinois, First District, Second Division.

August 8, 1995.

Attorney(s) appearing for the Case

Corp. Counsel of City of Chicago, Chicago (Susan S. Sher, Lawrence Rosenthal, Benna Ruth Solomon, and Jean Dobrer, of counsel), for appellant City of Chicago.

Fagel & Haber, Chicago (Alvin D. Meyers and Steven J. Teplinsky, of counsel), Mayer, Brown & Platt, Chicago (James D. Holzhauer and Javier H. Rubinstein, of counsel), for appellant The Firemen's Annuity and Benefit Fund.

Krislov & Associates, Ltd., Chicago (Clinton A. Krislov, of counsel), Sachnoff & Weaver, Chicago (Lowell E. Sachnoff, of counsel), for appellees.

David R. Kugler, Frederic P. Heiss, Chicago, and William A. Marovitz, Chicago, for cross-appellees.

Justice HARTMAN delivered the opinion of the court:

These consolidated appeals arise from a lawsuit brought against the City of Chicago (City) by four pension funds: Firemen's Annuity and Benefit Fund (Firemen's Fund); Policemen's Annuity and Benefit Fund; Municipal Employees', Officers', and Officials' Annuity and Benefit Fund; and the Laborers' and Retirement Board Employees' Annuity and Benefit Fund, based upon the City's retention for its own use of certain pension...

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