May 13, 1900, “Blow to Pension Hopes – Actuary Vail Says Teachers’ Fund is Insolvent”The schoolteachers and employees’ pension fund was declared hopelessly insolvent yesterday. May 30, 1900, “Teachers’ Fund at Crisis – Deficit of $1,393 in Pension Board for Single Month”The insolvent condition of the school teachers and employees’ pension fund, reported in The Tribune earlier in the present month, was verified last evening when the Pension Fund commission, consisting of the members of the Board of Education. But despite these increases in contributions:October 2, 1915, “Teacher Pension Almost Broke, Asserts League”The Chicago Teachers’ league declares that the teachers’ pension fund is in danger of bankruptcy. The teachers’ league is a rival organization to the Chicago Teachers’ federation, which has control of the pension fund. [The commission said,]“The statewide public school teachers’ fund similarly is headed in the direction of a large deficit.

Source: Forbes November 17, 2019 15:22 UTC