August 23, 2013   An outline of ideas being considered by the 10-person Illinois pension committee circulated today. Links are here for Reuters and AP articles. The outlined ideas are not finalized but this does give us the best indication yet of what the committee is considering.   Kick the can.  Kick it hard.  Kick it out of the end zone. That’s the summary. Here are the specifics in the outline:   – Set COLAs at half the inflation rate instead of the current flat three percent.   – Reduce amounts employees contribute by one percent. (Yes, reduce; the

http://www.suntimes.com/news/miller/22110143-452/raoul-for-governor-he-could-win.html

http://watchdog.org/102713/are-chicago-schools-learning-the-right-lesson-from-pension-crisis/