By Jonathan Ingram
09/11/2012
Chicago teachers are striking. You may recall that they were demanding a 30 percent raise earlier this year, which would have spiked the average teacher’s salary to nearly six figures. But nobody seems to be talking about what this will do to a pension system already in trouble. Chicago teachers’ pension fund is woefully underfunded. According to new...
TAGS: CPS: Chicago Public Schools, CTU: Chicago Teachers Union, pensions
Bad news for Social Security.
by Kate Piercy According to a USA TODAY analysis of government data, “paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year.” On the other hand, government-provided benefits, including Social Security and unemployment insurance, for example, rose to record high levels during the first three...
