Payments to cover the pensions of non-teacher CPS retirees have shifted in part from the city to the district over the last four years as part of an effort to disentangle finances before CPS transitions to a fully elected school board. That this year’s pension payment was not included in CPS’ budget is among Mayor Brandon Johnson’s criticisms of the spending plan.
The Chicago pension morass is incredibly entangled among the various funds. Fully CTPF vested teachers can retire in their fifties but return as teacher’s aides to cover their medical insurance and earn credits with the Municipal Employees Retirement Plan while collecting full pension.Police can retire in their fifties and work Aviation security at the airports for medical insurance and municipal employee pension credit. Disgraced Alderman Burke was eligible for a pension from the police fund. The money was never meant to run short. The sheep who voted for this scheme aren’t fully aware of the problems yet.
Deb
1 year ago
Simple. If the pensions are not for teachers, then the city pays it.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The Chicago pension morass is incredibly entangled among the various funds. Fully CTPF vested teachers can retire in their fifties but return as teacher’s aides to cover their medical insurance and earn credits with the Municipal Employees Retirement Plan while collecting full pension.Police can retire in their fifties and work Aviation security at the airports for medical insurance and municipal employee pension credit. Disgraced Alderman Burke was eligible for a pension from the police fund. The money was never meant to run short. The sheep who voted for this scheme aren’t fully aware of the problems yet.
Simple. If the pensions are not for teachers, then the city pays it.