-- Connecting the dots between our economy, government and business --
At a recent Board of Trustees meeting, several faculty members aired frustrations over the quality of family leave conditions and accused the university of inadequate pay. The 650 tenure and tenure-track faculty represented by UFISU now threaten to walk out if they don’t reach mediation.
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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