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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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The feds have a mandatory retirement age of 57 and it used to be 55 for law enforcement positions. Having worked in federal law enforcement my personal experience is that once you reach your 50’s age starts taking its toll on your health and body. I cannot imagine what it would be like to push a patrol car in your late 50s or early 60s. You are asking for a lot of job related heath and injury issues.
I don’t think these guys will be running down young criminals, do you? Only in Hollywood movies does someone in their mid-fifties or early sixties have the energy/agility/strength of a young person.
Since when is an official of a union which has consistently advocated pensions we can’t afford concerned about bankrupting the pension fund?
The primary mission of almost any union is to advocate for its membership. How any of that is paid is of lesser priority, so that falls upon others.
“Those movements have grown powerfully over the past decade and a half as left-wing activists took over the CTU and took their members out on strike with widespread community support, setting off a new era of teacher union militancy across the country.”
You should read the article from the Jacobin that is linked here on Wirepoints.
It seems we aren’t the ones who don’t understand the union’s priorities and objectives. Or will CTU sue the Jacobin for such scurrilous slander? Yeah, don’t think so.
Let’s just agree that CTU is unique and breaks the norm frequently. At some point when push comes to shove their current leaders likely no longer will be supported by their members. Most man-made creations evolve with the passage of time.
Wishful thinking. I don’t believe CTU is unique. They and Brandon Johnson are exactly what the Jacobin describes: the front lines in their revolutionary push. Randi Weingarten and Becky Pringle are not far behind.
I’m sorry to point out what is obvious to anyone who isn’t fervently wishing it weren’t true.
He right about abusing the system, they all do it at any age. They talk amongst themselves and figure out how to screw the city. This is the public sector way.