Jason Grotto – Page 15

New report details scope of public pension shortfalls

August 22, 2021 at 11:57 p.m.

Continuing to sound the alarm on local pension funds, Chicago's Civic Federation will release a report Thursday that shows the unfunded liabilities for 10 city and county pension funds grew...

Report: Furlough days shortchange city pensions

August 23, 2021 at 8:14 a.m.

Chicago's public pension funds, already reeling from years of inadequate contributions, took another financial hit when Mayor Richard Daley's administration and the city's unions agreed to require workers to take...

City overstates furlough savings, inspector general says

August 22, 2021 at 11:56 p.m.

Chicago's public pension funds, already reeling from years of inadequate contributions, took another financial hit when Mayor Richard Daley's administration and the city's unions agreed to require workers to take...

Lawmakers press Chicago, suburbs on fire, police pensions

August 22, 2021 at 11:32 p.m.

After decades of making retirement promises they weren't fully paying for, Chicago and many suburbs could be forced to set aside more money under sweeping changes to police and firefighter...

Chicago pushes back on pension reform

August 22, 2021 at 11:32 p.m.

Chicago officials mounted a strong attack Wednesday against legislation that would require the city to dramatically increase the amount of money it puts toward the retirement of its police and...

Pension bets not paying off

June 18, 2018 at 3:03 p.m.

Trustees of Chicago's failing public pension funds have funneled hundreds of millions of dollars into highly speculative investments that not only have failed to realize outsize returns but also saddled...

Secrecy shrouds some pension investments in Illinois

June 18, 2018 at 3:05 p.m.

Aside from the risks inherent in private equity and real estate investments, some pension experts have raised concerns about the lack of transparency surrounding these bets. Under a 2005 rewrite...

Secrecy shrouds some pension investments in Illinois

August 22, 2021 at 11:27 p.m.

Aside from the risks inherent in private equity and real estate investments, some pension experts have raised concerns about the lack of transparency surrounding these bets. Under a 2005 rewrite...

Pension bets not paying off

August 22, 2021 at 11:27 p.m.

Trustees of Chicago's failing public pension funds have funneled hundreds of millions of dollars into highly speculative investments that not only have failed to realize outsize returns but also saddled...

What happens if Chicago pension funds run out of money?

June 18, 2018 at 3:01 p.m.

With some city pension funding levels dropping below 40 percent, a question arises that seemed unthinkable just a decade ago: If a pension fund runs out of money, who pays...

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