|
Forum: Internet Links Topic: Chicago judge cripples pension system started by: Malcolm Posted by Malcolm on Jul. 24 2015,12:17
< "Victory." >QUOTE Chicago has the worst-funded pension systems of any major U.S. city, with a roughly $20 billion shortfall in its four accounts and another approximately $7 billion debt in the fund for teachers. The 2014 overhaul sought to eliminate a $9.4 billion unfunded pension liability in two of the funds by cutting benefits and increasing contributions. Instead of all the workers getting something, most of them will receive nothing. Posted by GORDON on Jul. 24 2015,12:37
Reminds me of how Republicans are dicks because they passed a law requiring that the postal system actually have money in their pension fund, which caused financial strain on the postal system.
Posted by Leisher on Jul. 24 2015,13:34
Weird how all these Democrat strongholds are having major financial issues. I wonder how Bush sabotaged them?
Posted by Alhazad on Jul. 24 2015,17:06
I don't understand pensions anyway.
Posted by Malcolm on Jul. 27 2015,11:11
< Jersey > trying to follow suit.
|