No, “sustainability” isn’t good enough. And, no, late-night legislation without actuarial analysis is not OK. Published by Jane the Actuary View all posts by Jane the Actuary
3 thoughts on “Forbes post, “The Chicago Park District’s 30% Funded Pension Plan – And More Tales Of Illinois’ Failed Governance””
, I am a member of the CPD pension fund and when I started in 1988 the pension was funded at I believe at 90+% over the years I was never informed by the CPD pension fund how they were in such bad shape. The pension fund has a board and has a certian number of members who are elected employee’s . I have said for years these employee’s have no financial education, They can be a jaintor , a gym instructor, carpenter, park supervisor or plumber . Quite a few employee’s wonder why this fund is not managed by a professional investment company . How can this be changed.