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Dead Man Taken to Post Office in Attempt to Claim His Pension: Irish Police
Police in Ireland are investigating reports that the body of a dead man was brought to a post office in an attempt to collect his pension.
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Puerto Rico Retirees Could Face 8.5% Cut to Pensions, in Latest Blow for Island
Retired government workers in Puerto Rico are bracing for a possible cut to their monthly checks even as the already financially strained island faces one of its most difficult moments with recent earthquakes. For Myra Rivera, a 69-year-old former teacher and translator, any reduction to her pension is unfair. “That’s robbing,” she says. In the last three years, Puerto...
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Gov. Rauner Offers CPS $200 Million for Pension Parity as Part of Comprehensive Package
Gov. Bruce Rauner offered a compromise to Chicago Public Schools Monday when he proposed a two-year property tax freeze along with $200 million in pension and health care costs for the district.
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What Chicago Needs to Do After Moody's Downgrade to Junk
In an attempt to calm fears and provide some clarity on Chicago’s recent junk-bond downgrade, Moody’s issued a Q-and-A-style report explaining the meaning of the downgrade and what it means for Chicago.
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Rahm Responds to Sen. Kirk's Unofficial Endorsement, Detroit Comment
Mayor Rahm Emanuel gave a subtle affirmation of Sen. Mark Kirk’s not-so-subtle statement about Chicago becoming the next Detroit if Emanuel wasn’t re-elected.
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Moody's Downgrades Chicago's Ratings Over Pensions
Moody’s Investors Service has downgraded Chicago’s credit rating to two levels above junk status, citing the city’s $20 billion mountain of unfunded pension liabilities.
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