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Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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There’s no shortage. All BS to drive up wages. The media parrots the union and so it goes….all crooks.
“Unit 5 administrator Baldwin said the district wants to support teachers who choose to leave the district, but it’s not in students’ best interest for teachers to make those moves at the last minute.”
Since when does it matter what is in the students best interest.
Another example of the chilling effect of government overreach…
How does suspending a teachers license alleviate the teacher shortage…?
The original school still lost the 2 teachers, and now the new school(s) may lose them as well…
This is a message of intimidation, nothing more…
Not the best solution but it’s in the contract and that’s the same thing a union member will say when they do something crappy that’s allowed by their contract.