Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
When they applied or received payments were they told it would have to be paid back? After all, in Illinois, a contract is a contract.
They got me too,$2,500 to be paid back.Never was told it had to be paid back. I’m 64 was on unemployment for less than a month my whole life before this,the shut down killed my business,and now I feel like I just got kicked while down. Bright spot is I left Illinois 2 months ago,glad to be out of that state.
Congratulations !