Actuary Mary Pat Campbell: Chicago Pensions: Drowning, Not Waving – Stump

"Exactly how screwed up are Chicago pension? I'm glad you asked."
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The Railroader
2 years ago

This will finally be resolved with the twin bankruptcies of the State of Illinois and the City of Chicago. The courts will have to sort it all out. There will be no charges filed against the imbecile politicians that have criminally overpromised and underfunded these defined benefit pension plans for decades. The Chicago Mediots will focus on the women and minorities who will be trapsed in front of the cameras to show how heartless this mess is. It’s not heartless, it’s cashless, with all the hand wringing over nothing. Yes, the Pension gravy train will finally fall off the rails,… Read more »

Poor Taxpayer
2 years ago

Not to Worry the courts will sort it all out.

“What Me Worry?” Alfred E. Neuman

JackBolly
2 years ago

“Given how this pension working group is constituted, obviously, benefit changes downward or increased contributions from workers are unlikely.”

We already know how this ends – we’ve seen it before.

Da Judge
2 years ago

Da new Mayor will fix all of this.

NOOOOOOOT!!

Mayor BJ is a CTU sheeple.

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