Study: Pension cuts impair government quality

Study: Pension cuts impair government quality
www.sacbee.com

A Boston College study concludes that there’s a tie between the quality of a government agency’s public pension plan and the quality of employees it recruits and retains. Zealously cutting retirement benefits, researchers conclude, could chase off the best workers.

Group pushes for contingency talks in case pension reform thrown out

Group pushes for contingency talks in case pension reform thrown out
www.news-gazette.com

Ty Fahner hopes the Illinois Supreme Court eventually upholds the pension-reform law the Legislature passed 10 months ago. But the former Illinois attorney general…

Chicago Mayor Rahm Emanuel Cuts Schools, Pensions While Preserving Fund For Corporate Subsidies

Chicago Mayor Rahm Emanuel Cuts Schools, Pensions While Preserving Fund For Corporate Subsidies
www.ibtimes.com

As the Chicago mayor slashes public services and hides details of subsidies, a new report reveals new details about the special account.

Eric Madiar: With Illinois’ pension systems, what’s past is prologue

Eric Madiar: With Illinois’ pension systems, what’s past is prologue
m.sj-r.com

Anyone following the pension-reform debate knows Illinois has long diverted the money needed to properly fund its pension systems to avoid tax increases,

Chicago’s pension crisis was created decades ago

Chicago’s pension crisis was created decades ago
www.chicagonow.com

After Jane Byrne was elected mayor, she met with Chicago Police and Fire Department organizations. There was concern that the pension funds would be in crisis starting in 1985. They also warned of another crisis in the mid 1990′s if funding changes were not made. The pensions had been severely…

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.