2015年养老金40：Rahm Emanuel

芝加哥威胁要再次出现火焰。5月，穆迪的投资者服务将大风城的杰出债务从投资成绩降级降级到垃圾状况 - 两年的第七次减少 - 引用芝加哥的无资金负债。穆迪的研究描述了芝加哥，作为美国城市最严重的负担：目前的退休债务水平超过年度收入的八倍。芝加哥市长Rahm Emanuel.那56, who inherited $32 billion in unfunded liabilities when he took office in 2011 (it’s now $29 billion), had hoped to restore part of the retirement system to financial health in 40 years through a 2014 bill that would lower annual cost-of-living increases for retired workers, raise the amount of taxes earmarked for the system and bump up city workers’ contributions by 2.5 percent annually over five years. The plan, however, involves just two of ten Chicago pension systems. Then–Illinois governor Pat Quinn approved the Chicago plan only to find his own state pension-overhaul plan, which reduced future benefits, overturned by the Illinois Supreme Court on constitutionality grounds. As Moody’s feared, a Cook County circuit court declared Emanuel’s reforms unconstitutional in July, and the case was appealed to the state supreme court. Emanuel and his lawyers argue that without reductions the two funds will become insolvent in 2025 and 2028. The mayor, who served as President Obama’s first White House chief of staff, incorporated his pension reform bill into his 2016 budget, which was approved in late October. If the Illinois Supreme Court is successful in smacking down the Chicago reforms, Emanuel, like Illinois Governor Bruce Rauner (No. 1), will have to start all over again.