Big changes aimed at saving the Chicago Park District’s pension fund are a bust. A Cook County judge has struck down a 2014 overhaul deal as unconstitutional.
The reforms were supposed to bring in more money to the underfunded system by raising the retirement age and cutting benefits. But
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Chicago Park District Pension Deal Struck Down. Now What?
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CHICAGO (CBS) — Fiscal policy groups in Illinois agree the state’s nearly two-year budget quagmire has damaged everything from schools to social service agencies to the state’s bond rating, but take very different views on how to fix the problem.
Ralph Martire, executive director of the
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Ken Davis is joined by Bobby Otter, Budget Director for the Center for Tax and Budget Accountability. They discuss the deeply troubling state of finances at
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While the presidential race dominates headlines, important things are happening at the state and local
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Carol Marin discussd ideas for a bailout of Illinois' pension systems with CTBA Executive Director Ralph Martire, Ted Dabrowski of the Illinois Policy Institute, and Bob Reed from the Better Government Association.