The Illinois Supreme Court heard arguments last week on whether a controversial law cutting public pension benefits was constitutional. The high court’s decision will play a pivotal role in determining how Illinois deals with its growing unfunded public pension liability, especially as Gov. Bruce Rauner seeks to further cut pensions to close a massive budget […]
pensions
Posted inArts & Culture
retiree’s lament poem #1
the State has stole our pensionsthe State has stole our pensionsthe State has stole our pensionssing loo-di-doo-di-doo that big ole bag of moneywe gave our savings tothe State just took and stole itsing loo-di-doo-di-doo there must have been some Interest’twas a humongous sumthe State could have that gladlyif they’d just left us some!sing loo-di-doo-di-doo-di-doosing loo-di-doo-di-doo
Posted inOpinion
Promises, promises
Michael Carrigan, president of the Illinois AFL-CIO The headlines all say that the General Assembly has reformed Illinois’ public employee pension system. The headlines lie. Legislators didn’t reform what has become an unworkable system, although they did change it – or try to. Their ingenious fix is likely to prove futile; the courts will have […]
