Center for Municipal Finance Executive Director Michael Belsky Discusses Solving Chicago's Pension Crisis with Asset Transfers

Michael Belsky, the executive director of the Center for Municipal Finance at Harris Public Policy, recently wrote a piece in Crain's Chicago Business suggesting that policymakers are looking at Chicago's pension crisis the wrong way – and suggests a creative solution, borrowed from the private sector, to ease the burden.

"As an alternative the city should consider an asset transfer, a common practice in the private sector," Belsky writes. "This entails depositing an income-producing asset owned by the government into a pension fund."

Full coverage available at Crain's Chicago Business.