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.
“Deputy Corporation Counsel Jeff Levine said there’s good reason California has a three-hour rule and New York City and Philadelphia impose ‘no uniform standard.’
‘Any time you put in place a hard hour requirement or a time limit, it creates an opportunity for litigation against the city,’ Levine said.”
With that said, it appears there is room to improve the current system.
Do criminals give their victims guaranteed phone access?