Print Friendly, PDF & Email

Even if all state and local government corporate giveaways were uneconomic, public monies directed to corporate subsidies does not come close to what is needed to adequately fund public pensions across the nation. That’s especially true in Chicago, where the fire and police pension funds have about 25 percent of the assets necessary to fulfill their promises, and the Chicago teachers’ retirement fund has about 56 percent of the necessary assets.

Read Article