Tags: Pensions

F--k you, cut spending?

Complaints that it goes to far and not far enough

Claims city's pension funds lost millions because of company's behavior

Trying to manage rising health care costs, stop pension spiking

Would cost municipalities billions but would pay down currently unfunded obligations

Over failed airline investments

And reduces payouts

The state has $100 billion in unfunded pension liabilities

But will city employee pensions be protected?

Not to improve education as voters were promised

Very, very modest reforms, but reforms nevertheless

A legislative push may create a 401(k)-style program instead

Could be out of money by 2044 without reform

SEC charges state with securities fraud for misleading pension disclosures

Pension payments consuming larger chunks of state budget

Gov. Quinn's response to lack of reform

Not a good way to start

Even modest changes are going to be a challenge, let alone shifting to a defined contribution plan