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A Simple Fix To Solve Public Pension Funding Woes Think Again - Latest News


The next great bailout: Social Security

Not only are Medicare's financial woes much larger ... problem even as its trust fund is getting bigger than ever, explain how the program really works, and -- immodest though it may seem -- propose a ... read more

CPS may get short-term fix, but long-term woes are enormous

So how do they get out of this fix? Nothing is happening in Springfield right now. If you think ... much of CPS' funding for well over a decade in another financial crisis when Jane Byrne was mayor an... read more

Boulder County's public trustee office facing cash crisis

Boulder County's public trustee office — charged ... "but they're not too far behind." Simple fix gets complicated Martin and Weissmann say a simple $5 fee increase on releases would solve the budget ... read more

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Experts say pension-tax solution will work, but critics question the cost

“My solution is very simple, and it’s the best of a series of bad options, to be clear,” Curry said at a recent speech to the Downtown Business Professional Group. “There is no pretty way to fix ... t... read more


Bankrupt Cities? What About Distressed Cities?

This is part of an ongoing series called Finance 101 that goes back to the basics to help public ... now think that cities are the only level of government that works,” Miner boasts. “The irony in all ... read more

Meet The Hedge Fund Wiz Kid Who’s Shrinking America’s Pensions

Chris Christie showed once again why the design of most public pension systems is fatally flawed,” he wrote. “Politicians can and frequently do divert money that is meant to fund long-term worker reti... read more

Letters to the Hometown Life editor

Victoria’s Tea Salon provided a wonderful tea experience and we look forward to seeing everyone again at next year’s event ... the voters for her bailing out the Wayne County pension fund a few years ... read more

Pennsylvania’s pension debt continues to mount; critics alarmed

Here’s how he describes the problem: “We are dealing with overstated assets and understated liabilities coupled with poor funding ... a year toward pensions for the next 20 years. Mathematically, he s... read more

Berkowitz w/Wirepoint's Ted Dabrowski on exploding IL Gov Pensions & bankruptcy as a cure, Tonight on Chicago Cable & Web

Dabrowski argues for giving cities, villages and Illinois state government the power to file for bankruptcy and thus allow these governmental entities to … become viable entities again ... pensions] a... read more

Why An MTA Fare Hike Is Almost Inevitable Next Year (And Again In 2021)

It’s not a great time to ask the riding public to ... lawmakers to solve the MTA’s funding woes without charging riders more, their case essentially boils down to demanding the problem gets solved by ... read more

Race for Chicago mayor: Candidate surveys

The City of Chicago administers four employee pension funds, the Fire, Police, Municipal and Laborer's Fund ... Public Schools has difficult problems to solve including enrollment issues, and poor col... read more

Chicago homeowners take bigger tax hit, but aldermen off the hook

The Chicago Sun-Times reported earlier this week that Emanuel is closing in on a deal to save the largest of Chicago’s four city employee pension funds that calls ... taken one kitchen sink vote to “f... read more



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