Public Pensions And Public Trust – Forbes

Pension actuary: “The example of Illinois and Chicago make me very dubious that we can rely on states to follow through on whatever commitments they make with respect to funding their pension promises from year to year. Whether that’s by simply not making required contributions, or developing delusionally-optimistic contribution schedules, the temptation is simply too great to borrow from future generations in ways that are hidden and conform, on paper, to balanced-budget requirements.”

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Teachers to guv: Forget anything? — 1IL

Gov. Bruce Rauner signed bills into law last weekend meant to address the state’s teacher shortage. But according to the Illinois Education Association, he left out one key piece of legislation that would do more than any other to add teachers statewide by guaranteeing them a minimum salary of $40,000.

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