‘Mistake’ to move airport ownership to pension, Wirepoints founder warns – Chicago City Wire

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Freddy
5 years ago

Maybe the pension fund’s goal is that the city hands over the airport (and many other assets in the future) to them for free. This will then temporarily increase the assets of the fund thus reducing the unfunded liability percentage. Then after a short time the pension fund will sell back the airport to the city with a handsome profit. On the books this will be a Win-Win for the pension fund and the city except for the taxpayers who will be footing the entire transaction costs without any say in the matter whatsoever!!

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