Skip to comments.Underfunded Pensions/Looted Pensions
Posted on 06/09/2004 11:29:37 PM PDT by liveinchicago9855
WEDNESDAY JUNE 9, 2004
CTA pension plan in peril Actuaries say fund will run dry by 2014
The Chicago Transit Authorityâs 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
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
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
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
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