This article is part of TPM Cafe, TPM's home for opinion and news analysis. Wayne LaPierre announced on January 5 that he’s retiring as executive vice president…
The $242 million payment that's being made in addition to regularly scheduled contributions launches the city's policy aimed at staving off growth in its unfunded liabilities, a goal made all the more urgent by the beating pension funds are taking on their investments.
Despite strong rhetoric from Gov. J.B. Pritzker and other top state officials demanding public pension funds divest more than $100 million in Russia-based assets, state lawmakers now say they won t act until the Fall veto session.
Despite a public outcry following the Russian invasion of Ukraine, legislation designed to force divestment languished unpassed in the Spring session of the Illinois General Assembly. Lawmakers say they intend to take the issue up again in the Fall.