Here’s why Chicago Teachers’ Pension Fund is in meltdown (Crain’s Chicago Business)

November 29, 2012 – Once again, Illinois lawmakers are kicking the can down the road this week on pension reform, failing to take up the subject in their fall veto session. “Wait until the lame-duck session in January,” we’re now being told. “We’ll tackle it then.” Maybe. If, for instance, all that recent buzz is right about Illinois Attorney General Lisa Madigan running for governor in 2014, her father, House Speaker Michael Madigan, will have reason to get this subject out of the way as soon as possible. But I remain to be convinced that real action is afoot. And I got a true reminder of why a few days ago when Kevin Huber, the executive director of the Chicago Teachers’ Pension Fund, came by to chat.

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