Underfunded Pensions/Looted Pensions

Crain's Chicago Business ^ | June 09, 2004 | By Greg Hinz

[liveinchicago9855]

WEDNESDAY JUNE 9, 2004

CTA pension plan in peril Actuaries say fund will run dry by 2014

The Chicago Transit Authorityâ€s employee pension plan is likely to run out of money within a decade unless major changes are made to its finances, agency actuaries reported on Wednesday. Click here to view story http://chicagobusiness.com/cgi-bin/news.pl?id=12775&bt=state+pension+fund+under&searchType=all

Teamsters in pension fund pileup http://chicagobusiness.com/cgi-bin/mag/article.pl?article_id=21487&bt=state+pension+fund+under&searchType=all

http://finance.yahoo.com/q/sec?s=PGE

Civic group blasts Blagojevich

http://chicagobusiness.com/cgi-bin/mag/article.pl?article_id=21564&bt=state+pension+fund+under&searchType=all MerrionPublished 05/03/2004 in Crain's Chicago Business Author: Greg Hinz

STATE REPEATING A MISTAKE BY UNDERFUNDING PENSIONS

Andrew C. Wehrli's March 26 letter, "PENSION friction," makes some good points but also misses some others. I am retired UNDER the State Universities Retirement System (SURS), and as of June 30, 2003, SURS had about 54,000 benefit recipients (with an average of 20 years' service) who received an average annual benefit of $26,900. Averages can be misleading. As of January 2004, over 34% of all retirees, persons ...http://chicagobusiness.com/cgi-bin/mag/article.pl?article_id=21434&bt=chicago+pension+fund+under&searchType=all

http://66.218.71.225/search/cache?p=bill+daley+sbc&ei=UTF-8&cop=mss&u=www.suntimes.com/output/business/17bill_daley.html&w=bill+daley+sbc&d=ECB00ECE98&c=482&yc=34115&icp=1

Prime Group sees clouds parting From the Crain's Chicago Business Newsroom REIT cuts debt load but faces uncertainty over office leases June 04 13:31:00, 2004 By Alby Gallun

[liveinchicago9855]

Underfunded Pensions/Looted Pensions?

THE GREAT NEST EGG ROBBERIES http://www.the-catbird-seat.net/NestEggs.htm

Solution? REIT's the investment that can be manipulated. Popular with local governments and university and other large institution. This investment vehicle is less risky and can yield higher returns especially if you (local governments) are in a position to manipulate the value of REIT properties by influencing controlling factors such as ability to authorize and fund construction of new roads and support infrastructure including acquisition of necessary peripheral real estate by using State legislature and City Government sanctioned methods like quick claim, ordinances,

See investment portfolio for Northeast Illinois Planning Commission member of United Credit Union http://unitedcreditunion.com/segs.html

[Jack Black]

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