Analysis: Pension reforms to cost workers $55 million by 2025

Analysis: Pension reforms to cost workers $55 million by 2025
politics.suntimes.com

Mayor Rahm Emanuel’s plan to raise employee contributions by 29 percent to save two city employee…

Emanuel’s pension deal would cost taxpayers much more than advertised

Emanuel’s pension deal would cost taxpayers much more than advertised
www.chicagobusiness.com

Forget what you heard when the news broke: The total cost to taxpayers over the next five years is $750 million.

Former TIF chief: Pay pension costs with TIF-expiration money

Former TIF chief: Pay pension costs with TIF-expiration money
www.chicagobusiness.com

John McCormick suggests tapping money generated from expiring TIF districts to finance bonds instead of allowing the…

Emanuel may have allies in fight to fix police, fire pensions: Brown – Chicago Sun-Times

Emanuel may have allies in fight to fix police, fire pensions: Brown – Chicago Sun-Times
www.suntimes.com

MARK BROWN: Mayors across the state have joined forces in hopes of getting relief…

When Chicago spent its pension money on the mayor’s pet projects

When Chicago spent its pension money on the mayor’s pet projects
www.chicagoreader.com

As mayor, Richard M. Daley spent hundreds of millions of dollars on unnecessary pet projects—and Emanuel seems to have the same bad habit.

Detroit makes deal with retired cops, firefighters

Detroit makes deal with retired cops, firefighters
news.msn.com

DETROIT (AP) — The city of Detroit has reached a deal with retired police officers and firefighters that would preserve current pensions but trim annual cost-of-living payments — the first major agreement with retirees in the bankruptcy case,…

Chicago Pensions and State Outcomes | Chicago Tonight | WTTW

Orr: TIF reform worth $44M annually at no cost to taxpayers

Orr: TIF reform worth $44M annually at no cost to taxpayers
With pension tax vote looming, Clerk urges renewed TIF debate

Cook County Clerk David Orr, responding to the city of Chicago’s plans to shift the burden of its pension obligations onto the backs of homeowners, city workers and retirees, called today for a renewed debate on Chicago’s TIF monies and offered new TIF solutions worth $44 million annually at no cost to taxpayers.

Rauner calls for veto of pension bill

Rauner calls for veto of pension bill
eeditionmobile.chicagotribune.com

By Monique Garcia Republican governor candidate Bruce Rauner would veto the measure passed by the General Assembly last week that would allow Mayor Rahm Emanuel and the City Council to shore up city pension funds by cutting benefits and raising…< ?p>

Pensions could be cut by 40% : PubSecAlliance

Detroit police and fire unions fighting republican Governor who appears to rate the city’s art collection higher than public safety employees’ retirement security.

Pensions could be cut by 40% : PubSecAlliance
pubsecalliance.com

The Detroit POA and other city public safety unions have participated in hundreds of protests and demonstrations to protest proposed cuts to their pensions that could be as high as 40%.