“Two of Chicago’s four city pension funds will be bankrupt within a few years, according to Chicago Mayor Rahm Emanuel. You’d think that’s a scenario unions – the supposed champions for public-employee retirements – would want to avoid.
But not in Chicago. Unions are fighting to block any kind of pension reform, effectively locking in bankruptcy for city-employee pension systems.”

— Rahm Emanuel

Benjamin VanMetre, Unions to Bankrupt Chicago Pension Funds https://www.illinoispolicy.org/unions-to-bankrupt-chicago-pension-funds/, IllinoisPolicy.org, December 29, 2014
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Rahm Emanuel 9

politician, investment banker, White House Chief of Staff 1959

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