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Keyword: chicagoparkdistrict

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  • Editorial: Chicago's pension precipice: It's worse than you thought.

    04/04/2018 2:34:57 PM PDT · by Beave Meister · 62 replies
    Chicago Tribune ^ | 4/3/2018 | Editorial Board
    Chicago taxpayers, prepare for another kick in the teeth. In fact, it might be a good time to grow fond of the toothless grin. Another recent court decision will put taxpayers on the hook for additional city pension debts. Yes, even more than before. A circuit court judge in March struck down a 2014 state law that eased pressure on the pension fund of Chicago Park District retirees. The law had increased Park District employees’ own contributions to the fund, increased their retirement-eligible age, reduced their annual cost-of-living increases and reduced duty disability benefits. But those changes will be rolled...