Chicago's firefighter pension fund needed emergency lending to cut checks to retirees.
Thanks for the shout out
As it was, Chicago couldn’t afford the ramp for funding the old liabilities they had…. And now they’re doing the “one cool trick” of extending the amortization period, which will not make the promises any cheaper, ultimately.
Thanks for the shout out
As it was, Chicago couldn’t afford the ramp for funding the old liabilities they had…. And now they’re doing the “one cool trick” of extending the amortization period, which will not make the promises any cheaper, ultimately.