Why parks director with four jobs gets to keep his pensions – Daily Herald

Each district claimed Vallez works more than 1,000 hours a year. However, North Berwyn officials stated his contract requires 40-hour work weeks, or about 2,000 hours a year. That means Vallez is required to work, among all the jobs, about 4,000 hours a year, or an 11-hour workday every day of the year.

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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.

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