The pension issues in the Chicago Public Schools district cannot be overstated. Its pensions are only 48% funded and $11 billion in the red. That means contributions aren’t saving for future retirees but going to pay off debt for those promised years ago.

The pension issues in the Chicago Public Schools district cannot be overstated. Its pensions are only 48% funded and $11 billion in the red. That means contributions aren’t saving for future retirees but going to pay off debt for those promised years ago. https://t.co/FyxcYKAn8x

— Manhattan Institute (@ManhattanInst) October 27, 2019