*SMLR-Net, the source of selected news on labor and employment relations and human resource management.*
* * Date: Sept. 19, 2012 Source:* *New York Times Link: http://nyti.ms/SBq3GA Headline/Title: Strike May Be Over, but Teachers’ Pension Is Still a Big Issue for Chicago
*Summary: * One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’ Pension Fund http://www.ctpf.org/ has about $10 billion in assets, but is paying out more than $1 billion in benefits a year — much more than it has been taking in. That has forced it to sell investments, worth hundreds of millions of dollars a year, to pay retired teachers. Experts say the fund could collapse within a few years unless something is done.
*Author:* Mary Williams Walsh For the Full Article/Report, See: http://nyti.ms/SBq3GA
Rutgers is an equal access/equal opportunity institution. Individuals with disabilities are encouraged to direct suggestions, comments, or complaints concerning any accessibility issues with Rutgers websites to firstname.lastname@example.org or complete the Report Accessibility Barrier / Provide Feedback form.
Copyright ©2021, Rutgers, The State University of New Jersey. All rights reserved. Contact Webmaster