Public-sector unions come together to fight ‘pension heist’ in Chicago – Chicago Sun-Times
Aside from pension cuts, Rahm also wants property tax increases and a “baloon” payment in 2023 into Chicago’s pensions to defer the pain. “Baloon payment.” That’s another one for “can-kicking,” “reamortization,” “backload,” etc. http://www.suntimes.com/25258196-761/public-sector-unions-come-together-to-fight-pension-heist.html