Chicago pension system headed for meltdown

Chicago’s pension system is headed for a meltdown according to a Chicago business group.  Furthermore, the problems facing the pension system may be beyond repair at this time.  According to The Commercial Club of Chicago, the November elections did not force lawmakers to make the reforms necessary to deal with the $200 billion debt that the state faces.

The Governor does not have a plan but he does have a new mascot – – “Squeezy, the Pension Python.”    When introducing the new state mascot, the Governor asked voters to talk about the problem over the Thanksgiving holiday.

For more you can read, “Illinois the ‘Unfixable’ Squeezy the Pension Python to the rescue. Or not.”