Ralph Martire, of of the Center for Tax and Budget Accountability: "Meanwhile, the prevailing consensus about Chicago’s pensions begins and ends with acknowledging the scope of the fiscal challenges the city faces. There’s no meeting of minds around resolving the issue. But Chicagoans deserve to hear more about solutions as the municipal election approaches."
Illinois named 7th worst state for retirement by WalletHub
All the cops go to Punta Gorda, Florida.
Poor Taxpayer
3 years ago
Just stop funding of all pensions and when the money runs out deal with it then. Maybe the greed will back down. Retired cops get twice as much as the average working man. Luxury homes in Punta Gorda at a young age on the taxpayers is unaffordable for the New Chitty of Chicago.
state_pension_millionaires
3 years ago
Tier 1 pensions is a mess created by our CIG (corrupt; incompetent; and greedy) IL/Chicago politicians. “Almost” every dime of taxes goes to pensions, with most anything left over sucked up political corruption and incompetence. Therefore, “no” money for public services in IL. These politcians created the problem and they need to fix it. Tier 1 pensions is a corrupt outrageous mess. Politicians need to forward constitutional amendments and then attack Tier 1 pensions/medical. (and at the same time attack, for real, political corruption and political incompetence) Otherwise this spiral will accelerate, with decent taxpayers only option being to move… Read more »
nixit
3 years ago
LOL…it took Martire until the final sentence to say “re-amortize.” Just play with the numbers until you get your desired result.
Yep. Right after Ralph told us, “But the real gorilla in the room is the decades-long failure of state law to require that Chicago make actuarially determined pension contributions.”
It’s as if he’s implying that Springfield did something differently with state pensions than what Springfield was allowing Chicago to get away with using its’ own.
And, of course, Ralph has always had the same solution for Illinois’ disastrously funded state employee public pensions.
As you say, play with the numbers until you get the desired result.
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Illinois named 7th worst state for retirement by WalletHub
All the cops go to Punta Gorda, Florida.
Just stop funding of all pensions and when the money runs out deal with it then. Maybe the greed will back down. Retired cops get twice as much as the average working man. Luxury homes in Punta Gorda at a young age on the taxpayers is unaffordable for the New Chitty of Chicago.
Tier 1 pensions is a mess created by our CIG (corrupt; incompetent; and greedy) IL/Chicago politicians. “Almost” every dime of taxes goes to pensions, with most anything left over sucked up political corruption and incompetence. Therefore, “no” money for public services in IL. These politcians created the problem and they need to fix it. Tier 1 pensions is a corrupt outrageous mess. Politicians need to forward constitutional amendments and then attack Tier 1 pensions/medical. (and at the same time attack, for real, political corruption and political incompetence) Otherwise this spiral will accelerate, with decent taxpayers only option being to move… Read more »
LOL…it took Martire until the final sentence to say “re-amortize.” Just play with the numbers until you get your desired result.
yup, same old tune from Martire. But it seem less & less writers/columnists at trib, st & crains take him (& his backers?) seriously? Lets hope
Yep. Right after Ralph told us, “But the real gorilla in the room is the decades-long failure of state law to require that Chicago make actuarially determined pension contributions.”
It’s as if he’s implying that Springfield did something differently with state pensions than what Springfield was allowing Chicago to get away with using its’ own.
And, of course, Ralph has always had the same solution for Illinois’ disastrously funded state employee public pensions.
As you say, play with the numbers until you get the desired result.