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Posts tagged "pension"

Wanted: Illinois pols to challenge public employee unions

The primary election is Feb. 2. Do you know who will take on the public employee unions and their pensions? Because if we can’t elect people who are committed to figuring out how Illinois will crawl out of an $80 billion-plus debt owed to public employee pension funds, the state surely will get flushed. Illinois... Read more »
By Dennis Byrne,
January 26, 2010 at 11:28 am
• 2 comments

Chicago pensions consuming your city services

An item from the do-you-wonder-why-Chicago-is-such-a-financial-mess department? This is from the 2010 budget that Mayor Richard M. Daley unveiled on Wednesday (Page 44): Pensions and debt service In 2010, 43.3percent of the city’s general levy, or $345 million, will be used to fund pension contributions for city employees. State law mandates that the city contribute an... Read more »
By Dennis Byrne,
October 21, 2009 at 8:28 pm
• 5 comments