-- Connecting the dots between our economy, government and business --
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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Tick, tick, tick ….CTU leadership elections are May 16. This going to get REAL interesting!
If Mayor Johnson wants vendors to take a 3% shave on their invoices to help the city why can’t Chicago’s teachers take a 3% salary cut instead of asking for a pay raise.
CTU asked for 30 minutes planning time, then reduced the ask to 20 minutes. CPS offered 10 minutes. The amount of time in dispute is 10 minutes per day. The article implies this is a major sticking point in the negotiations.
CTU would strike over 10 minutes per day?
Planning time is typically of the same importance (and sometimes higher) than even salary and benefits. While I’m not part of this negotiation I would tell you that yes, planning time is that important and something they may strike over it. This is part of teacher contract negotiations in every contract across the nation.
I agree, but 10 extra minutes is something of a joke, isn’t it? What is any real significance at work can most people do with 10 minutes? To me 10 extra minutes is a worthless bennie. Now, 20 minutes is another matter in that its something at least potentially worthwhile.
Split the difference and give them 15 minutes.
Yes, it is a joke. A strike over a 10 minute break.
Give them an hour of planning time and cut salary/benefits in half.
They see your offer and counter with 20 minutes of planning time and a 4-5% raise. If you don’t agree they will go on strike. You are not entitled to their labor at your low wages that you offer.