Chicago Union Says Privatizing School Maintenance Will Hurt Pension Fund

June 7, 2016 
By Steven Wishnia and Neal Tepel

Chicago, IL – The Chicago Public Schools’ plan to contract out management of all its 550 buildings will reduce the income of the city’s underfinanced pension funds, International Union of Operating Engineers Local 143 President Bill Iacullo warned May 30.

The city’s “integrated facilities management” plans would hire a single private contractor to run all cleaning, extermination, snow removal, and repairs at each school. “The engineers they’re going to hire are our people, but they’re going to take us out of the CPS payroll and out of the pension fund,” Iacullo told the Chicago Sun-Times. “The problem with that is, it’s gonna hurt the pension funds, the municipal pension fund that the mayor is trying to shore up.” The city Board of Education unanimously voted last month to raise the number of school buildings managed by contractors SodexoMAGIC and Aramark to 78. SodexoMAGIC contributed $250,000 to Mayor Rahm Emanuel’s 2015 campaign. Read more

June 6, 2016

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