A New York State politician uses his power as GM shareholder, via a public pension fund he controls, to try to prod the company to make concessions to the union. You good with that?
Why are some states so much more indebted than others?
Let's face it: what are the true prospects for pension reform in Illinois and Chicago?
Once more, from the top, it's trivial and unhelpful to blame contribution underpayments for the city's pension woes.
Chicago will need to do an awful lot more than reform its COLA to fix pension underfunding.