Pension news. « Fred Klonsky

Pension news. « Fred Klonsky:

Pension news.

by Fred Klonsky

A whole lot of nothing. And who is to say that’s not good?
The Springfield Journal Register reports:

Madigan says, “the key issue was ending what he called a ‘free lunch’ for school districts. Currently, the state pays the employer’s portion of pension costs for downstate and suburban Chicago schools. Chicago Public Schools, the state’s largest district, pays its own.”

“Local officials are making spending decisions but they’re not paying the bill.