Chicago public schools to abandon pension commitments
Chicago Public Schools is plotting huge layoffs and abandoning its longstanding policy of contributing to employee pensions as other options for balancing the system's budget go by the wayside. The decisions come two years after Chicago closed scores of schools and gutted the system’s arts education curriculum and staff. The city's public education system typifies a vicious cycle of resource cuts, underperformance on tests, gentrification, and more resource cuts.
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