News out of the windy city indicates that Chicago’s unfunded pension liability increased by 5.4% last year, making it a $35.4 billion problem. This marks especially troubled times for The City of Chicago’s four pensions, including: The Firemen’s Annuity & Benefit Fund that is 18% funded, Municipal Employees’ Annuity & Benefit Fund of Chicago at…
Investment losses sting Chicago pensions, 2022 balance sheet bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Alderman urges Chicago pension funds to invest in real estate therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Ald. Gilbert Villegas is calling for a committee hearing to encourage the city's four pension funds to explore investments that prompt real estate development in the city.
ADVERTISEMENT
ADVERTISEMENT
Lead Plaintiff In Endo Investors Suit Slams Other Bids
Law360 (January 19, 2021, 8:29 PM EST) A retirement fund leading a proposed class action accusing drugmaker Endo International of artificially inflating its stock price is fighting to remain as the lead plaintiff and urged a Pennsylvania federal judge Monday to reject competing bids to replace the fund.
Park Employees and Retirement Board Employees Annuity and Benefit Fund of Chicago is the lead plaintiff in the 2017 suit alleging Endo colluded with Par Pharmaceutical Holdings Inc. to fix generic drug prices.
The retirement fund, along with Macomb County Employees Retirement System, which also vied for the lead plaintiff position, filed an opposition to the bids of other proposed.