In all, Chicago owes $35.9 billion to its four employee pension funds representing police officers, firefighters, municipal ...

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 ...

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

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… ...

Layoffs could be just the start of Chicago Public Schools' budget cuts as the district tries to close a $734 million deficit.

The new figure, announced Thursday by the CEO, includes a $175 million pension payment that Mayor Brandon Johnson needs to ...

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.

Chicago ended 2024 with no unassigned fund balance after CPS skipped a key pension payment, leaving Mayor Johnson with less ...

Chicago had a $161 million deficit in fiscal year 2024, according to the annual comprehensive financial report the city ...

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 Public Schools made a $658 million payment to the teachers pension fund Thursday, a check fund officials say is about $12 million light. The Chicago Teachers’ Pension Fund says the ...

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