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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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questions: are the 398 “administrative duty” jobs currently preformed by fully sworn CPD officers that are proposed to be turned over to non-sworn CPD personnel protected by FOP contract? And if so, with passage of Amendment 1, will it be possible to turn these positions over to non-sworn CPD personnel? From other articles it’s my understanding there are, highest in nation, +600 officers performing “administrative duties” It’s my understanding with FOP recently winning in court FOP members right to have their disciplinary cases heard in private arbitration that pretty much kills anything Office of Constitutional Policing and Reform can enforce?… Read more »