What the heck is going on at the Chicago Teachers’ Pension Fund? – Crain’s*

You might call it the scandal no one wants to talk about. Despite signs of major unrest at the huge Chicago Teachers' Pension Fund—resignations, irregular board meetings, charges of racial bias and staff intimidation, political influence peddling and more—no one connected with the fund is willing to discuss what’s going on.
11 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Fed up neighbor
5 years ago

Mark,
is there anyway to have this article published by you on wirepoints, cannot access account I’m not a Crain’s subscriber, if not any thoughts to what is going on. Thank you

Fed up neighbor
5 years ago
Reply to  Mark Glennon

Thank you

willowglen
5 years ago

I highly doubt there is a conservative or Republican involved in any way with the pension fund operation. Who knew that progressives were so racist?

The Truth Hurts
5 years ago

With Crain’s you can typically hit “reader view” in your browser before the page fully opens.

Fed up neighbor
5 years ago

Thank you

nixit
5 years ago

Working for a pension fund must be the easiest gig. Wined-and-dined by investment firms and hedge funds every day. Outsource tough decisions to financial advisors. Follow the same investment mix every other pension fund uses.

NB-Chicago
5 years ago
Reply to  nixit

What do any of those board member do on ctu pension fund or on any of illinois other rediculous +600 pension funds other than collect salaries (not sure if they get benefits?) ultimately on the tax payers dime? How is ctu pension performing in the pandemic? Oh, sorry fogot, doesn’t matter because the payouts are gaurenteeted ultimately by us chump taypayers

NB-Chicago
5 years ago
Reply to  NB-Chicago

And if your not getten enough from your part time pension board gig flr supposedly meeting a couple times a year –then fill a sexual harassment/ racial discrimination lawsuit, sure madigans trail lawyer buddies will be glad to lend a helping hand…and besides, nobody cares anyway because ultimately it all comes out of tax payers pockets

Tom Paine's Ghost
5 years ago

Why should the Teachers expect honesty and efficiency among their own? Thieves steal from other theives. Bust all Teachers unions.

Poor Taxpayer
5 years ago

They are stealing the money as fast as possible.
Teachers and not your friend when it comes to money.
It is all about your money.
Get ready for some HUGE TAX INCREASES.
The real answer is there is very little money left and the poor honest hard working taxpayer will have to make up the shortage. No chance in Hell they will take a cut in pension payouts.
“Shut Up and Pay Your Taxes”.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE