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How Would Illinois’ Supreme Court Pension Ruling Affect Public Schools?

Arguments will soon be underway in the lawsuit challenging the constitutionality of Illinois’ 2013 pension overhaul. Many observers expect the state Supreme Court to uphold the opinions of lower courts and rule the pension law unconstitutional. If the law were overturned, what would it mean for Chicago Public Schools? In a column in the Chicago Tribune ...
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Video: New York Gov. Draws Flak For Teacher Pension Comment

New York Gov. Andrew Cuomo has upset some teachers and their unions after a comment last week about schools being more concerned about keeping pensions intact than improving schools. The comment in question: “We’ve sent thousands of children to schools we knew were failing from an educational point of view. Albany has been too concerned ...
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Former Illinois Attorney General: Pension Reform “Single Most Important” Issue Facing Illinois

Ty Fahner, president of the Civic Committee of The Commercial Club of Chicago and former Illinois attorney general, has been pushing Illinois lawmakers for months to come up with a “Plan B” for pension reform. He contends that it’s likely the Illinois Supreme Court will overturn the state’s pension reform law. And if it does, Illinois has no ...
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The Effect of Age On Portfolio Choices

Does a person’s willingness to hold risky assets diminish as they grow older and get closer to retirement? How does aging affect portfolio choices? A paper published in the October issue of the Journal of Pension Economics and Finance aims to tackle those questions. The authors analyzed administrative data from an Italian defined-contribution plan ...
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NYU President Speaks About $800,000 Pension

New York University President John Sexton has been a polarizing figure the last few years, not only for the large exit bonuses he approved for outgoing staff but also for his own $800,000 pension. He addressed his pension at a dinner and question-and-answer session last week with NYU students. On his pension, from NYU Local: “After taxes, that’ll ...
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