The only way out of our (multi-employer, private sector) pension crisis is through bipartisan compromise – Editorial – Washington Post

Today, 125 of the 1,400 plans are expected to be insolvent within the next two decades, including the Teamsters’ Central States Pension Fund, due to collapse by 2025. Yet the PBGC has assets of just $2.9 billion to cover insured liabilities of $68 billion, as of Sept. 30.

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Number of half-empty Chicago public schools doubles, yet lawmakers want to extend school closing moratorium – Wirepoints

A set of state lawmakers want to extend CPS’ current school closing moratorium to February 1, 2027 – the same year CPS is set to transition to a fully-elected school board. That means schools like Manley High School, with capacity for more than 1,000 students but enrollment of just 78, can’t be closed for anther three years. The school spends $45,000 per student, but just 2.4% of students read at grade level.

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