Teachers Pension Fund Official Describes ‘Racist,’ ‘Sexist’ Culture Among Board Trustees – WTTW (Chicago)

Jeffrey Blackwell, board of trustees president for the Chicago Teachers Pension Fund, decried what he called “some of the most abhorrent, disturbing and despicable actions by former and current trustees on this board” he had seen over the past 18 months. “Let me be clear. We are not in the business as fiduciaries of hiding Madigan lobbyists at the fund under the guise of an RFP.”

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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