If Chicago Public Schools passes off the pension payment to Chicago, the impact on the city’s finances would be dire. We would end this year with a deficit.

More than 3.2 million Social Security recipients who received pensions from their time as teachers, firefighters, police officers and other public service jobs will soon see a boost in their benefits ...

San Diego’s pension board unanimously approved Friday a record-high $533.2 million annual pension payment for the city due July 1. The half-billion-dollar payment, which comes with the city ...

Let’s assume for a minute that your lump sum pension payment begins at 65 and is an estimated $250,000 paid as a single payment. This $250,000 now has to last you for an unknown period, ...

CPS board debates late-year budget amendment over pension payment, principal and teacher contracts If the city does not get the payment before March 30, it will be in danger of closing its 2024 ...

While approval of the pension payment only needs a simple majority to pass, a corresponding budget amendment would be necessary, and that needs two-thirds of votes — 14 out of 20.