2 ms·

"It seems the latest plan for the Chicago pensions is to issue $10bn in bonds with the assumption this will earn more in the fund than interest they will pay on

"It seems the latest plan for the Chicago pensions is to issue $10bn in bonds with the assumption this will earn more in the fund than interest they will pay on the bonds. " What could go wrong here? Seems like a 100% bullet proof plan!

madengr 8y ago
The pension liability for the top 100 paid public school administrators in IL is over $1B.
- maxxxxx 8y ago
  They always can hire some more administrators that look into the issue and propose solutions...