Myers reports on state laws affecting the pensions of Chicago Public School teachers. He discusses the politics behind unions involved in the decision making process and their important role in determining a balanced budget. According to Myers, the Caucus of Rank and File Educators (CORE) is a recent contender "whose members say the Pension Board needs better...
Defined-Benefit Plan Availability By Sector
This chart shows the defined-benefit pensions plans in the public, private, and private non-union sectors. As of March 2009, the majority (84 percent) of state and local government employees had the option to participate in defined-benefit pension plan. However, only 21 percent of those working in the private industry and 16 percent of those working without unions were offered the same participation.
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