Corruption “Widespread” in Illinois

A new poll finds that a whopping majority of state residents believe that not only state government but Illinois business is plagued by serious misconduct. According to the survey of 1,271 registered voters by the Paul Simon Public Policy Institute at Southern...

East Coast Liberals: Smartest Students in CPS are the Gang Leaders

…  Newark, N.J. Mayor Cory Booker and former New York Gov. David Paterson — who spoke Tuesday morning about recidivism and racism at a panel hosted by Stroock law firm — say. During the talk, Paterson observed the smartest students in the Chicago Public School...

Embarassing Americans — And These People Vote

I received this via email this morning.  I thought it was timely because just yesterday Howard Stern played audio of his producers in Harlem interviewing Obama supporters. There is something very very wrong with the educational system in this country whereas so many...

Legislative Change Means $670 million More for Teachers’ Pensions

The state will have to come up with another $670 million for the teacher pension system in the next budget after a retirement fund panel crunched the numbers and adjusted its assumptions. The Teachers’ Retirement System lowered what it expects from investments...

Quick Pension Analysis

Ok, so I was getting asked about this the other day both in person and in the comments about why the pensions are really in such bad shape and what the latest GASB positions mean to the funds.  GASB first. GASB Changes I did some poking around and the recent GASB...