-- Connecting the dots between our economy, government and business --
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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Requiring salary ranges for job postings is a very good thing. As someone who previously has wasted countless hours applying for jobs that paid far less then the prevailing wage, I fully support this law.
Chicago Wants To Micro-Mis-Manage Private Employer Salary Negotiations
Start with the many public employees , who often earn very significant pay for over time, shift pay, holiday pay , that often doubles their base pay.
Exactly, or post total package— hourly salary + ot + benifits …the chumbalone public will be shocked!!