Chicago public 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.

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?

June 7, 2021June 7, 2021 Jane the Actuary Retirement

Forbes post, “The Chicago Park District’s 30% Funded Pension Plan – And More Tales Of Illinois’ Failed Governance”

No, “sustainability” isn’t good enough. And, no, late-night legislation without actuarial analysis is not OK.

May 11, 2021 Jane the Actuary Retirement

Forbes post, “Does Mayor Lightfoot Actually Have A Pension Fix Plan? Probably Not.”

Once more, a call for “action” from Lightfoot, with no specifics.

May 10, 2021 Jane the Actuary Retirement

Forbes post, “Chicago Firefighters Pension Update: Is Pritzker A Fool, A Coward, Or A Liar?”

How exactly did Pritzker justify his latest pension boost?

January 13, 2021 Jane the Actuary Retirement

Forbes post, “The Story Behind Illinois’ Latest Public Pension Liability Boost, And Why It’s So Very Illinois”

Ugh. The plan is 18% funded, and benefits are being increased. Typically Illinois.

October 22, 2020 Jane the Actuary Retirement

Forbes post, “Lightfoot Again Calls For Pension Reform – And It’s Time To Fish Or Cut Bait”

How many more times will Lightfoot call for pension reform without taking action?

September 15, 2020 Jane the Actuary Retirement

Forbes post, “Chicago Is Considering Issuing A Pension Bond – And Taking A Gamble”

Using pension bonds to remedy long-term underfunding makes me squeamish enough already. Trying to remedy short-term cash shortfalls? That’s a risky gambit.

July 8, 2020 Jane the Actuary Retirement

Forbes post, “Will Public Pensions In Illinois — and Elsewhere — Crash? Here’s What Will Make The Difference”

Will politicians lose the will to make their required contributions?

June 8, 2020 Jane the Actuary Retirement

Forbes post, “Defund The Police, Cut Pension Liabilities? The One Weird Trick That Just Might Work For Chicago”

Due to the magic of pension curtailments, there are savings to be had if the Chicago Police Department were dismantled.