So says the Commercial Club of Chicago. In a memo to its members, the Civic Committee of the Commercial Club of Chicago said last week’s elections didn’t bring in an influx of lawmakers willing to deal with the pension crisis but instead leaves taxpayers with “more...
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...
Save. Save as much money as you can. Live well below your means. The pension time-bomb is coming. One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’...
It’s important to note that this fund do NOT include CPS teachers. Illinois public school teachers and retirees could have reason to worry about the kinds of pension checks they will be getting down the line. … The Springfield State-Journal register...
This is just insane: On Sunday, Aldermen Deborah Graham (29th), Robert Fioretti (2nd), and Toni Foulkes (15th) joined members of the Chicago Teachers Union, Action Now, and a group of parents and community safety advocates for a press conference urging Mayor Rahm...