Monday, April 25, 2016

Chicago: Get A $1 Million Pension
By Putting In 1 Day Of Substitute Teaching!
No Wonder Why The Wealthy 
Are Moving Out Of Chicago!
Article highlights the insanity of the pension fund crisis in Chicago & Illinois .. 'Regardless of the fact that the pension funds are insolvent, the state cannot cut benefits to any of its participants. This is in stark contrast to the multi employer private pension funds, which as we pointed out, are able to cut benefits in order to keep the funds solvent. At this point, it's clear that without the ability to cut pension benefits, most plans will end up insolvent, at which point nobody will be receiving benefits. Until that point comes, however, there are a few who are living quite well off of the system."
LINK HERE to the article

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