Chicago pensions Archives - Jane the Actuary

August 1, 2023 Jane the Actuary Retirement

Forbes post, “No Hope In Sight For Chicago’s Worst-In-The-Nation Pension Plans”

Worst in the nation? Yup, and no signs of improvement.

October 11, 2021 Jane the Actuary Retirement

Forbes post, “No, Lightfoot’s Chicago Budget Does Not Make An ‘Actuarial’ Pension Contribution”

Mayor Lightfoot’s claim that Chicago is making “actuarial” pension payments is incorrect and misleading.

September 6, 2021 Jane the Actuary Retirement

Forbes post, “Mismanagement Compounding Underfunding: The Chicago Police Pension Forensic Audit”

How much worse is the Chicago Police pension underfunding due to corruption?

August 31, 2020 Jane the Actuary Retirement

Forbes post, “Chicago’s 2021 Budget Hole: There Are No Good Options For Mayor Lightfoot”

The budget hole is massive, and with no solutions in sight.

October 24, 2019 Jane the Actuary Retirement

Forbes post, “Is Mayor Lightfoot Still Hoping For A State Pension Bailout?”

It’s time for Mayor Lightfoot to provide some specifics rather than throwing around the phrase “pension reform,” no?

September 11, 2019 Jane the Actuary Retirement

Forbes post, “Chicago/Illinois Pensions: What Does It Take To Get To Reform? Insolvencies, Subsidies, Rating Agencies”

Let’s face it: what are the true prospects for pension reform in Illinois and Chicago?

September 7, 2019 Jane the Actuary Retirement

Forbes post, “Are Contribution Underpayments Really The Cause Of Chicago’s Pension Woes?”

Once more, from the top, it’s trivial and unhelpful to blame contribution underpayments for the city’s pension woes.

September 6, 2019 Jane the Actuary Retirement

Forbes post, “Chicago Fire, Chicago Police, Chicago Pensions: Why A COLA Change Isn’t A Cure-All”

Chicago will need to do an awful lot more than reform its COLA to fix pension underfunding.

September 3, 2019 Jane the Actuary Retirement

Forbes post, “It’s The Insolvency, Stupid -Why Pensions Really Are An Urgent Issue For Chicago”

Yes, Chicago’s pensions will become insolvent if the city tries to play more “funding ramp” games.

August 30, 2019 Jane the Actuary Retirement

Forbes post, “Mayor Lightfoot Is Still Not Ready To Lead On Pensions”

What will it take for Mayor Lightfoot to lead the city towards sustainable pensions?