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Expert Analysis

New Wormhole In Chicago's Pension Black Hole

Law360, New York (April 20, 2016, 5:54 PM EDT) -- NASA defines a black hole as a place in space where gravity is relentless and pulls so much that not even light can get out. And, so it goes with Chicago as it attempts to get out of its pension black hole. The recent Illinois Supreme Court opinion in Jones v. Municipal Employees' Annuity and Benefit Fund of Chicago, 2016 IL 119618 (Ill. 2016) may have created a wormhole or way through Chicago's pension black hole. That way through is collective bargaining, as discussed below....

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