To fix Illinois’ pension crisis, first change its constitution – Illinois Policy

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?’”
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Pat S.
4 years ago

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.

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