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The federal probe could prove a wild card as investors look for information on its scope and how it will impact the district’s administration.
But in Illinois, taxpayers start paying for folks in their fifties.
By: Mark Glennon* A core goal of progressivism is fundamentally right and noble — helping those most in need. But what actually works is where their views split with the rest of us, and that’s certainly true on pension reform. Illinois progressives appear universally opposed to repeal of the pension protection clause in the Illinois Constitution. That shouldn’t be so. All sides should agree: Repeal is essential to reforming many Illinois pensions in a way that protects rank-and-file workers with reasonable pensions. It’s at the local level where the pension crisis is most acute and where the flexibility
CEO says one reason for Gary is Indiana’s right-to-work law, which makes it more difficult for unions to organize and keep members, as well as a state minimum wage that stands at $7.25 per hour, the federal minimum.
As part of a budget fix approved by lawmakers and Gov. Bruce Rauner last month, the state Board of Education was given $97 million to help financially strapped schools.
“Chicago should serve as a showplace that reflects the wonderful world of ‘progressive policies.’”
More than 42,000 children in Central Illinois are considered to be in families dealing with food insecurity.
Municipal pension liabilities are particularly concerning in Illinois because local governments don’t have the ability to reform their local pension systems – pension rules and regulations are set by the state.
A federal identification program touted as helping security is not flying in Illinois. The secretary of state’s office said the time for Real ID is right as the state is preparing to switch to a new driver’s license program.
“Then there is Daniel T. Tapper, retired from Will County government. He gets $122,126 in annual pension payments and because he retired at only 50, those payments with compounded annual cost of living adjustments will accumulate to $6.4 million! His personal investment was only about 2.6% or $166,905.”
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