Posts tagged "Illinois pensions"

Democrats have ruined Illinois

Democrats are poisoning Illinois and Chicago. Maybe it’s too obvious to state, but it isn’t said often enough. Or barely at all. Democrats have locked up the city and the state. They have supermajorities in both houses of the Illinois legislature. The governor is a Democrat. Democrats run two of the four major administrative branches... Read more »

In apparent first, a public pension plan files for bankruptcy

According to Pensions & Investments: In what’s believed to be a first by a public pension plan, the Northern Mariana Islands Retirement Fund, Saipan, filed for Chapter 11 bankruptcy protection on Tuesday. The public defined benefit plan is only 38.8% funded, thanks to low investment returns and a benefit structure that’s been increased without raises... Read more »
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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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