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But while the case works its way through court, Madigan will continue to collect more than $12,400 per month from his state pension, a development one good government advocate said represented an “example of how out-of-whack the pension system is in Illinois.”
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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He will never go to trial. Too old, too sick or he will die before trial.
He ought to be making license plates
Isn’t there an executive order for that?