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.
Forbes post, “The Very Real Risk Of Insolvency: Stress-Testing Chicago’s Pensions”
No it’s not schadenfreude – but it is important to know how precarious a position Chicago’s pension funds are in.
Forbes post, “From The Archives: The Chicago Teachers’ Pension Fund Was Unfunded From The Start”
There is truly nothing new under the sun. What do you think of the early history of the Chicago Teacher’s Pension Fund?
Forbes post, “Whew – Illinois Is (Probably) Not Going To Bail Out Chicago’s Pensions”
Is it good news or bad news that Pritzker has rejected a Chicago pension bailout?
Forbes post, “Congratulations, Mayor Lightfoot! Now, About Those Pensions . . .”
It’s Mayor Lightfoot now! What happens next?