Emanuel puts off tough stuff in 2015 pre-election budget

Emanuel puts off tough stuff in 2015 pre-election budget
politics.suntimes.com

Taxes on parking, car leasing and cable television will be going up, under a 2015 budget unveiled by Mayor Rahm Emanuel Wednesday that punts a painful solution to Chicago’s $20 billion pension crisis until after the election.

Do Public Pensions Help Recruit and Retain High-Quality Workers?

Do Public Pensions Help Recruit and Retain High-Quality Workers? | Center for Retirement Research
crr.bc.edu

Do Public Pensions Help Recruit and Retain High-Quality Workers? Alicia H. MunnellJean-Pierre Aubry Geoffrey T. Sanzenbacher SLP#41 The brief’s key findings are:…

Moody’s ‘manipulated’ public pensions data in report -NASRA

Moody’s ‘manipulated’ public pensions data in report -NASRA
www.reuters.com

NEW YORK, Oct 9 (Reuters) – Moody’s manipulated publicpension data in a way that has presented an excessively bleakpicture of the $3.7 trillion sector, an advocacy group for statepension funds said…

State pension gaps shrink for first time since 2007

State pension gaps shrink for first time since 2007
www.chicagotribune.com

NEW YORK — State pension plans are strengthening for the first time in six years as rising contributions and rallying stocks ease a fiscal strain that’s vexed municipal leaders since the recession.

Gazette Chicago » DC think tank says Chicago pension crisis fueled by TIFs

Gazette Chicago » DC think tank says Chicago pension crisis fueled by TIFs
www.gazettechicago.com

Chicago’s public pension crisis has been fueled in part by the use of tax increment financing (TIF). That conclusion can be found in a report by Washington, DC–based research group Good Jobs First.

Latest developments in pension litigation

Latest developments in pension litigation
www.weareoneillinois.org

The Sangamon County Circuit Court has decided to take up motions filed by our coalition and other plaintiffs who argue that the Pension Protection Clause renders SB 1 unconstitutional. Oral argument on the motions is set for Nov. 21.

Latest developments in pension litigation

Latest developments in pension litigation
www.weareoneillinois.org

The Sangamon County Circuit Court has decided to take up motions filed by our coalition and other plaintiffs who argue that the Pension Protection Clause renders SB 1 unconstitutional. Oral argument on the motions is set for Nov. 21.

Poll: Frerichs closing the gap, now trails Cross by just 1

He addressed the PBPA convention this last weekend and pledged his support for our pensions. Cross if you will remember tried to push legislation to diminish our pensions.

Capitol Fax.com – Your Illinois News Radar » Poll: Frerichs closing the gap, now trails Cross by just 1
capitolfax.com

The automated poll, conducted Oct. 7 among 1,083 likely voters by We Ask America, found Cross leading Frerichs 40 percent to 39 percent, with Libertarian candidate Matthew Skopek at 6 percent and 15 percent…

First Responders Earn Their Pensions

On October 7 a 29 year veteran Chicago Police Captain was shot in the head while attempting to arrest a violent gunman who had already shot several people in Indiana over the weekend. He is expected to recover. That is how first responders earn their pensions and why we need to ensure greedy politicians pay what is expected.

Pensions Aren’t Sacred, a Judge Tells Calpers

Pensions Aren’t Sacred, a Judge Tells Calpers
mobile.businessweek.com

A bankruptcy judge found that California’s protection for pensions “is simply invalid in [the] face of the U.S. Constitution”