Over-promised benefits continue to sink Chicago’s finances as the recent bear market eats into 2021 stock market gains. Investments gaining 25% last year plus federal aid didn’t offer much help to city pension systems, which have more debt than 45 states.
This year hasn’t had 2021’s high-profile announcements, but trends say colleges are likely avoiding coal, oil and gas — whether they trumpet it or not.
Gov. Hochul on Monday signed a simple bill to clarify in state law that the names of government pensioners are public — that is, the actual “retiree,” not a surviving family member, the “beneficiary,” who collects the pension when the retiree dies.