Tag Archives: Public Pensions

If Not SB 1, Then What?

As I said in my previous post, my problem with SB 1 is the fact that it provides for funding of the Chicago Public Schools’ (CPS) normal pension cost within the framework of a bill that’s supposed to focus on … Continue reading

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Does SB 1 Bail Out the CPS Pension System? You Decide.

Everybody’s trying to explain how SB 1 bails out the Chicago Public Schools (CPS) pension system, and why the numbers are all over the board. Greg Hinz of Crain’s, who’s been really good at trying to make sense of this … Continue reading

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Chicago Messes Its Bed, Then Asks Us To Clean It Up

The big issue in Springfield this week is the school funding bill, SB 1, which contains the new funding formula for schools. The governor claims, and he’s right, that the bill contains a provision that, in effect, diverts money from … Continue reading

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Why I’m Not Taking a Pension

Last week I told you that I have elected to opt out of the General Assembly Retirement System (GARS), and thus will not be eligible for the legislative pension. There are a number of reasons why, and I’d like to … Continue reading

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The Governor’s SOTS Speech, What He Said and What He Didn’t Say

Every “State of” speech I’ve ever heard follows the same script: A recitation of accomplishments achieved since the previous speech; A shopping list of proposals to be addressed before the next one; and A reminder that those who stand in … Continue reading

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