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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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Chicago schools Utter failure in all aspects!
The decline of Chicago will continue!
Of course they won’t fire them; it’s for the children you know.
Right Absent Without Leave but not fired. they get to be remediated about ten times before firing happens. And amazingly they will be ready to retire with pension after ten remediations. I do not know what Lightfoot fears from this union. They went all out for Preckwinkle she owes them nothing.
Wow, I never thought they would’ve had it in them to fire insubordinate teachers. Or I suppose with the way they laid it out above they would prefer to go the Office Space route with Milton and just stop paying them. Nonetheless it should be as effective. Time to drain the swamp known as CPS.
Don’t get too excited. I don’t think they will actually fire them.
Further, CPS CEO Janice Jackson said staff members who don’t show up — as about half failed to do this week — will be deemed absent without leave “and ineligible for pay going forward.”
Once they stop paying them almost all of them will show.