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Now the city is taking a victory lap over an arbitrator’s recent ruling that several unions, including the one representing firefighters, must adhere to Lightfoot’s vaccination policy.
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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No wonder the city is a mess – when you treat guardians so poorly. Too much institutional knowledge is being lost with every early retirement and termination. Why for? A failed vaccine with unknown long-term effects?
For good reasons morale is at all-time low and they’re lowering the bar for recruits.
They couldn’t have planned the downfall of a great city any better.