Fitch Downgrades Chicago After “Worst Possible Outcome” In State Supreme Court Pension Reform Bid — sentinelblog

Source: Zero Hedge Last week, Rahm Emanuel got some bad news. The Illinois Supreme Court agreed with Cook County judge Rita Novak’s ruling that the Chicago mayor’s scheme to put worker pension plans on a sustainable path was unconstitutional. “These modifications to pension benefits unquestionably diminish the value of the retirement annuities the members of […]

via Fitch Downgrades Chicago After “Worst Possible Outcome” In State Supreme Court Pension Reform Bid — sentinelblog

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