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Chicago Public Schools

CPS officials seek pension payment relief, warn of more cuts

CPS officials seek pension payment relief, warn of more cuts

Chicago Public Schools officials warned Wednesday that without relief from their next massive pension contribution, they would have to make $500 million in additional cuts in the coming year, on top of looming cuts they say will be caused by this year's pension payment. The warning from CPS chief administrator Tim Cawley came a day after the district fulfilled its $634 million obligation to the Chicago Teachers' Pension Fund this year. Mayor Rahm Emanuel had already blamed that pension payment for as-yet unannounced personnel cuts that he said would affect classrooms this fall. Appearing at the pension fund meeting Wednesday morning, Cawley asked the fund board to consider...

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