Includes “A scathing report has been issued about Chicago’s police pension fund … Financial auditor Chris Tobe released a report Tuesday, three months after a group of retired officers hired him to review the management of the Policemen’s Annuity & Benefit Fund of Chicago. He said those hidden fees should set off alarms for taxpayers. ‘The financials claim around $7 million a year, but I’ve estimated over $70 million – 10 times that amount – paid out in no-bid contracts to mostly what we call private equity hedge funds,’ Tobe said.”

comments powered by Disqus