Posts tagged "payment"

Worse than California

Think California is having economic problems? Moody’s just announced that we have the second-worst credit rating of any state in the country, just behind California. But it’s worse for us because we have a problem that they don’t have — a pension crisis that’s only getting more dangerous. We’re ranked dead last in the country... Read more »

The Need for Reform of Police and Fire Pension Plans

The Civic Committee of The Commercial Club of Chicago analyzed the values of pension benefits of firemen and policemen in Chicago who recently retired after full careers, many in their early 50′s.  The analysis found that these retirement benefits average above $1 million – well above benefit levels available to taxpayers in the private sector.  ... Read more »