Chicago Public Schools continues to face severe budget problems. As a result, it’s laying off staff and cutting programs. And part of the reason for those reductions has to do with the district ...

Less aggressive investment return estimates have carved an additional $1 billion hole in the severely underfunded pension system for Chicago teachers, reviving questions about how a retirement plan… ...

Chicago Public Schools faces some tough decisions in the coming days as the June 30 deadline to make the $634 million teacher pension payment hangs over its head.

The interim CEO of Chicago Public Schools said the district's budget deficit is $734 million, more than $200 million more ...

Chicago Public Schools CEO Forrest Claypool said Friday that the district will continue to pick up a major chunk of pension contributions for teachers until the final phase of contract ...

Chicago schools made a massive teachers pension payment on Friday that’s been looming over the district all year. Chicago was only able to make the $464 million payment by painful midyear cuts ...

CHICAGO (WGN) — It’s a $175 million question: who should pick up the tab on a Chicago Public Schools pension contribution for ...

Senate Democrats have overruled Gov. Rauner's veto veto of $215 million aimed at helping with CPS' pension payments, but the House adjourned until January without taking an override vote.

Chicago Public Schools says it has taken out a $275 million short-term loan so it can meet its obligations with the teachers' pension fund by a June 30 deadline.

At a time when union leaders claim another $38 million could end the teachers strike, Mayor Lori Lightfoot’s 2020 budget requires the Chicago Public Schools to reimburse the city for $60 million ...

Chicago Public Schools made the full payment of $634 million to the teachers' pension fund before the midnight deadline, according to the Chicago Tribune. Madigan said in a press conference ...

CHICAGO – Chicago Public Schools made a $467 million payment to its teachers’ pension fund Friday to meet its fiscal 2017 obligations to the fund. CPS had already paid a small piece while ...