Moody's Investors Service

8 things to know about Chicago’s pension-reform law

By Ted Dabrowski, John Klingner
11/15/2015
A Cook County judge is scheduled to rule on the constitutionality of Chicago's pension-reform law on July 24. No matter what the outcome is, the pension overhaul will eventually end up in the Illinois Supreme Court. But the ruling may give a clue as to whether or not the city’s reforms will ultimately be upheld.

TAGS: Chicago, CPS: Chicago Public Schools, Municipal Employees' Annuity and Benefit Fund of Chicago

Chicago pension reform ruled unconstitutional

By Ted Dabrowski
07/24/2015
The Illinois Supreme Court’s precedent has made it impossible for Chicago to stave off bankruptcy by making even the most meager reforms to government-worker pensions.