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Chicago Pensions

Chicago Pension-Cutting Plan Would Harm City Retirees, Neighborhoods

Henry Bayer | Posted 06.08.2014 | Chicago
Henry Bayer

roponents of the drastic Chicago pension cuts sought by the city have threatened a range of doomsday scenarios if their proposal is not enacted. Rather than the thoughtful, informed discussion this matter deserves, this is the equivalent of shouting "Fire!" in a crowded theater.

Pensions Pose Latest Challenge For Chicago Mayor

AP | SARA BURNETT | Posted 04.07.2014 | Politics

CHICAGO (AP) — Rahm Emanuel has been a force in politics — the mastermind behind a Democratic takeover of Congress, dealmaker in two White Houses ...

This Pension Plan Will Rile Pretty Much Everyone

AP | DON BABWIN and JOHN O'CONNOR | Posted 04.02.2014 | Politics

SPRINGFIELD, Ill. (AP) — Chicago Mayor Rahm Emanuel's plan for fixing part of the nation's worst municipal pension crisis is now in the hands of sta...

Chicago Faces Fiscal Doom Without Pension Reform

Matthew Dietrich | Posted 02.17.2014 | Chicago
Matthew Dietrich

2015 will be the year of financial Armageddon for Chicago if it doesn't get pension relief from Springfield.

Report: City's Pension Situation Both Positive And Negative

Reuters | Posted 02.13.2014 | Chicago

CHICAGO, Dec 13 (Reuters) - The passage last week of reforms to Illinois' public pension system could signal that the legislature may soon address C...

Chicago's Own Pension Crisis Endangers City's Future

AP | SARA BURNETT | Posted 01.25.2014 | Chicago

CHICAGO (AP) — It's not the vision of a world class city that Chicago Mayor Rahm Emanuel typically likes to portray. More teachers losing their job...

Pension Ills Loom As Rahm Unveils New Budget Proposal

Reuters | Posted 01.23.2014 | Chicago

By David Greising and Karen Pierog CHICAGO, Oct 22 (Reuters) - When Mayor Rahm Emanuel delivers Chicago's 2014 budget address on Wedne...

City's Budget Shortfall Expected To Surge To $1 Billion

Reuters | Posted 10.01.2013 | Chicago

CHICAGO, July 31 (Reuters) - Chicago's preliminary budget gap is expected to fall next year but is on track to nearly triple in 2015 without pension...

Two very different approaches to solving Illinois' pension crisis

Reboot Illinois | Posted 07.24.2013 | Chicago
Reboot Illinois

In the final two weeks of the 2013 spring legislative session, lawmakers are weighing two bills that address what is arguably the greatest financial crisis in state history.

Police Sergeants Reject Rahm's Call For Pension, Health Care Changes

Posted 03.11.2013 | Chicago

The Chicago Police Sergeants' Association on Monday dealt Mayor Rahm Emanuel with a massive blow. The group overwhelmingly rejected -- by a vote of...

Rahm Hopeful For Big Pension Reforms In 2013

Reuters | Posted 12.05.2012 | Chicago

* Believes lawmakers will pass reforms in January * Four pension funds face $19.2 bln unfunded liability * "The alternat...

Rahm: Without Pension Reform, City Property Taxes Will Soar

Posted 05.09.2012 | Chicago

Mayor Rahm Emanuel testified before a state legislative panel Tuesday in Springfield, Ill., about Chicago's rising pension costs and urged for a serie...

WATCH: Chicago Labor Leader Re-Hired For One Day Nets $158K Pension

Posted 11.23.2011 | Business

Chicago, a city notorious for political corruption, now has one more scandal to add to its list. Thanks to a change in the city’s pension code p...

WATCH: Union Leader Calls Rahm A 'Judas' As City Workers Cry Foul

Posted 05.25.2011 | Chicago

This week, a scathing report by the Civic Federation made it abundantly clear that pensions in the Chicagoland area are grossly underfunded, and that ...

Mayor Daley Warns Pension Crisis Will Require 'Controversial' Solutions

Posted 05.25.2011 | Chicago

Mayor Daley's 32-member pension commission will soon make its recommendations to the city, and the mayor is warning everyone that their solutions to t...