by rondelord | Jun 8, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Four years after a strident confrontation with organized labor he later regretted laid the groundwork for a more cooperative relationship, Mayor Rahm Emanuel will strike a dramatically different tone on Wednesday. The mayor has summoned leaders of virtually every...
by rondelord | Jan 26, 2015 | Collective Bargaining, Police, Politics, Unions
The Chicago Police Sergeants Association intends to file a lawsuit this week seeking to compel Mayor Rahm Emanuel to hold a lieutenants exam that they suspect he is delaying because the sergeants endorsed Ald. Bob Fioretti (2nd) for mayor. The lawsuit will accuse...
by rondelord | Jan 26, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Chicago faces a $300 million deficit in 2016 with shortfalls continuing “for the forseeable future” — even before piling on $20 billion in pension liabilities that have saddled the city with the “worst credit rating of any major city other than Detroit.” And if state...
by rondelord | Oct 16, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Chicago’s unfunded pension obligations have ballooned to $37.3 billion — a more than three-fold increase since 2003 — because of inadequate employer contributions, declining investment income and a shrinking base of active employees, a taxpayers’ watchdog group has...
by rondelord | May 29, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
ILLINOIS – Officials are putting the finishing touches on a Cook County worker pension reform bill that is soon expected to emerge in Springfield, the Chicago Sun-Times has learned. The bill will cut retiree benefits and require workers to pay more toward their...