Social Security

Chicago Teachers Union demands huge raise on top of million-dollar pensions

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