Chicago park pension remains underfunded despite reforms – Illinois Policy

In 2021, Gov. JB Pritzker signed Public Act 102-0263, which changed the Park District’s funding schedule and created a Tier 3. New hires after 2022 fall under Tier 3, which requires workers to pay 11 percent in contributions rather than the 9 percent mandated for previously hired workers.
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MsT
7 months ago

Shhh! Don’t tell Martwick, he’ll get a bill together to restore Tier 1 for everyone! Once you’ve got a hole, keep digging, right?

Leaving Soon, just not soon enough
7 months ago

Ponzi scheme!!!
New depositors are paying the payments for the old depositors.

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