Steps one, two, and three — agree or disagree?
Forbes post, “Are Illinois Public Retirement Systems Pension Funds Or Pyramid Schemes?”
Illinois politicians are treating pension funds like pyramid schemes. What next?
Forbes post, “Illinois Is Still Not Serious About Pension Funding”
What do you make of Illinois’s latest attempts to avoid pension reform?
Forbes post, “No, Pension Obligation Bonds Aren’t A Form Of ‘Refinancing'”
Is your politician telling you that he’ll “refinance” your city or state’s pension debt? Time for skepticism.
Forbes post, “Is Your City Safe From Pension Debt?”
Where does your city stack up in Truth in Accounting’s new report? And do you agree with their calculations?
Forbes posts, Chicago Pensions (January 2019)
Here’s where I invite you to share your comments on:
“What’s Worse Funded Than Teamsters’ Central States? Chicago’s Pensions” and the path from 94% to 27% funding for the municipal employees’ plan.
“The Problem With Chicago’s Pensions Is That There Is No Low-Hanging Fruit” (with a self-explanatory title).
“Chicago Pensions: Is There Hope For Reform?” – because we need to be honest about benefit cuts.
“Is Chicago The Next Detroit?” – the differences between the two cities matter.
“Actuary-splaining Chicago’s Pension Liability: A Deeper Dive” – in which I try to explain the crash in funded status for non-experts.
“No, Pension Obligation Bonds Aren’t A Form Of ‘Refinancing’” – don’t be fooled by the politicians!
“More On Chicago Pension Underfunding – It’s The Demographics, Stupid”
“Will Chicago’s New Mayor Solve Its Pension Funding Crisis?“
Image:
https://commons.wikimedia.org/wiki/File:20090524_Buildings_along_Chicago_River_line_the_south_border_of_the_Near_North_Side_and_Streeterville_and_the_north_border_of_Chicago_Loop,_Lakeshore_East_and_Illinois_Center.jpg; flickr user mindfrieze [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons