Newsmakers
Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer?
State’s bond history and already badly funded pension shows little room for maneuver.
State’s bond history and already badly funded pension shows little room for maneuver.
Their 0.65% increase last month makes up more than two-thirds of this year’s increase.
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
Fear of a downturn creates a rise in de-risking.
Concept being applied to additional city departments.
SUAA proposal to be entertained Jan. 30.
Since bonds are rarely traded, pricing is difficult to verify, making it “ripe for abuse.”