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Chicago’s Coming Pension ‘Pneumonia’
Maybe Chicago isn’t a lost cause. That’s the power of positive thinking about some surprising truth-telling about the city’s public pension mess from Illinois comptroller Susana Mendoza.
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Chicago pensions face insolvency in downturn, mayoral candidate says
Chicago’s underfunded pension system is in dire condition, with some funds at risk of becoming “completely insolvent” in a market correction, Chicago mayoral candidate Susana Mendoza warned.
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Mayoral challenger Susana Mendoza vows to use financial acumen to tackle Chicago’s $36B pension crisis
The outgoing state comptroller said the next mayor of Chicago needs to have a “come to Jesus moment” with union leaders and demand the concessions needed to prevent city employee pension funds from going bankrupt…