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A coalition led by the Illinois Manufacturers Association, Illinois Trucking Association, Illinois Health Care Association and others is urging immediate action by lawmakers to change BIPA.
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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Well, the problem here is that the law as written was exactly what everyone involved in getting it through the legislature intended. They wanted the crushing lawsuits and settlements and trial-lawyer attorney’s fees, just as they do with Worker’s Compensation claims. Got nothing to do with making anything safer or more equitable. Every day in Illinois businesses “settle” frivolous and fraudulent employee-injury claims. The “injured” employee often gets a pittance – sometimes less than what they would have earned had they not stayed at home pretending to be incapacitated – while trial lawyers and expert witnesses and dueling hired-gun doctors… Read more »