Daley College Professor Mike Crenshaw is far from retirement, but he constantly worries whether the State Universities Retirement System will be solvent for him. “I have 20 years until I can retire, and my biggest fear is that the money’s not going to be there,” Crenshaw said. “My question has always been, ‘How is this sustainable? How can you possibly keep this going at this rate of paying people this type of money?’”
My understanding it that the pension clause was added to the IL constitution because the unions didn’t trust the State to live up to its promises. Imagine that.
The state over promised, underfunded and now is searching for a lifeline.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
My understanding it that the pension clause was added to the IL constitution because the unions didn’t trust the State to live up to its promises. Imagine that.
The state over promised, underfunded and now is searching for a lifeline.
Talk about kicking the can down the road.