Using pension bonds to remedy long-term underfunding makes me squeamish enough already. Trying to remedy short-term cash shortfalls? That’s a risky gambit.
Due to the magic of pension curtailments, there are savings to be had if the Chicago Police Department were dismantled.
No it’s not schadenfreude – but it is important to know how precarious a position Chicago’s pension funds are in.
There is truly nothing new under the sun. What do you think of the early history of the Chicago Teacher’s Pension Fund?
Is it good news or bad news that Pritzker has rejected a Chicago pension bailout?