State of the Standoff: Money keeps flowing into pensions – Pantagraph

State law requires payments into the pension funds for teachers, university employees, state workers, lawmakers and judges regardless of whether there’s a budget. The state paid $7.6 billion into the five systems last fiscal year and is expected to pay $7.9 billion for the current fiscal year that ends June 30. Comment: Yet there’s barely a word about pensions in the budget package aside from the trivial, fake policy “consideration” gimmick. Pensions are the lion’s share of the budget crisis. Why isn’t a constitutional amendment deleting the pension protection clause part of the Grand Bargain?

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Mad World: Dysfunctional Thought in a Rigged System — Rep. Jeanne Ives — Wirepoints Guest

  By: Rep. Jeanne Ives*   No one should be surprised that group think instead of rational choices surround the 13 interconnected bills of the “Grand Bargain” under consideration in the Illinois Senate. It is wholly predictable given the longevity of the Senate leaders involved. They’ve been working together for nearly two decades. They put in place many of the policies now taking a toll on our state. They are the beneficiaries of generous pensions when they retire, excessive pay for their part-time jobs, and the public attention and stature of the positions they hold.  What’s new now is the

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Chicago law firm releases report noting trends in workplace class-action litigation – Cook County Record

Nationally, while wage-and-hour litigation, and related regulatory actions were on the rise in 2016, the monetary value of top employment-related class action settlements were on the decline last year. “Workplace class-action litigation has increased geometrically over the past decade,” said Gerald L. Maatman Jr, a partner at Seyfarth Shaw. “More often than not, it poses unique ‘bet-the-company’ risks for employers.

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Instead of tax hikes, reform higher education to prioritize students over administrators – Illinois Policy

The state is now spending more money on retirement costs than on university operations. A decade ago, retirement costs made up only 20 percent of the state’s total higher education spending. Today, that percentage has ballooned to 53 percent. As spending on retirements rose from 2006 to 2015, state spending on higher education operations fell by over $150 million.

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