![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2022/06/06095732/CIO-060622-ChicagoTeachersPensionFundAppointsFernandoVinzosasNewCIO-1297708064-WEB-200x140.jpg)
Tag: Chicago
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2022/06/06095732/CIO-060622-ChicagoTeachersPensionFundAppointsFernandoVinzosasNewCIO-1297708064-WEB-200x140.jpg)
Newsmakers
Vinzons’ appointment comes at a time when Chicago Teachers’ is fighting to improve its poor funded ratio.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2022/01/07105337/CIO-010722-PR-1218759701-web-200x140.jpg)
Risk
What Public Pensions Can Learn From Puerto Rico’s Bankruptcy Crisis
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2021/04/13111851/CIO-041321-Chicago-Firefighters-Pension-Law-532415825-web-200x140.jpg)
Pensions
Illinois Governor Signs Chicago Firefighters’ Pension Bill into Law
Critics say it will more than double the city’s annual pension costs to $30 million.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2021/01/15105338/CIO-011521-Illinois-Senate-Passes-Firefighter-Pension-Bill-iStock12703871140-web-200x140.png)
Pensions
Illinois Lawmakers Pass Firefighter Pension Bill Upping Benefits
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2020/04/21104653/iStock-1094058960.jpg)
Newsmakers
$10 Billion Illinois Pension Bailout Request Ignites Controversy
GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2019/12/20093402/iStock-1065188752.jpg)
Asset Management Culture
Illinois Finalizes Move to Consolidate 650 Pensions
Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2019/10/22232233/iStock-1000887654.jpg)
Risk
Chicago Moves to Consolidate More than 650 Pensions
Task force cites lower overhead costs and access to larger pools of capital as benefits to the potential mergers.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2019/07/12122419/iStock-1000887654-2.jpg)
Regulation
Chicago Governor Says No to Statewide Pension Crisis Fix
J.B. Pritzker claims a statewide pension consolidation would hurt the state’s credit rating.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2019/06/28081258/iStock-1139456318.jpg)
Newsmakers
Boosting Diverse Managers Needs a Big Push, Says Chicago Teachers’ CIO
Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2019/05/20082532/iStock-1026090174.jpg)
Regulation
Chicago Sues State Comptroller over Pension Intercepts
City funds have been diverted to local pensions over alleged unpaid contributions.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2018/10/31080850/iStock-879138158-2-200x140.jpg)
Newsmakers
Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2018/10/19082900/iStock-941021400-200x140.jpg)
Newsmakers
Chicago Mayor Avoids Pension Mess in Final Budget Speech
Emanuel touts deficit shrinkage, but a still-whopping $28 billion hole awaits his successor next year.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2018/08/28084510/iStock-879138158-1-200x140.jpg)
Newsmakers
Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer?
State’s bond history and already badly funded pension shows little room for maneuver.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2018/02/07083010/iStock-855322750-200x140.jpg)
Newsmakers
Kroll Upgrades Chicago Bonds to A Rating
Boost hopes to help Second City’s pension predicaments.
![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2017/09/05082506/iStock-511665488-200x140.jpg)
Newsmakers
“Historic” Chicago Education Funding Reform Signed
SB 1947 to provide relief for cash-strapped school districts as well as employee retirements.