
Newsmakers
Chicago Pension President Decries Board’s Culture of Racism, Sexism
Jeffery Blackwell says he has ‘been on the receiving end of sabotage, intimidation, and racist comments’ from colleagues.
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
The fund is also barred from making any future investments in these industries.
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
School district is required to pay pension fund $716 million by June 30.