Illinois mulls change allowing pension investment in anti-Israel companies – Center Square

University of Illinois Springfield Professor Ken Kriz spoke to the committee from a neutral stance, based on his 20 years of experience researching and advising cities on pensions. “In general when restrictions are put in place, what we see is poor risk-adjusted returns,” Kriz said. “You have to have increased costs of monitoring to make sure there’s no investments going into a certain asset. Increasing the cost just reduces the benefits you can offer or increases the cost to the taxpayers.”
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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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