Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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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.
Since Illinois is so flush with money, anything goes for a vote.
All public pensions need to be capped , and adjustments for inflation should follow increases in social security.
That’s an old old song written and answered numerous times. Say something new!
Tier 1 pensioners will not be participating in your capped pension idea.
The fairest way for all concerned is to put Tier 2 on SS, (off the SERS etc) + have up to 5% matching for IRA. Past SERS etc benefits would be still honored but stopped for the fuure
The Federal Government did something like this years ago, in the 80’s or 90’s. If I remember correctly, years of service were the determinant. Above a certain number you kept Civil Service pension. Below a certain number you were mandated into Federal Retirement System a 401 plan. If your years of service landed between the two benchmarks, you had to educate yourself on the two plans and choose the best for you. It went well and the unfunded liability had been gradually disappearing.
Thanks. Your analysis seems to support what I believe would happen. Obviously a couple of others disagreed.
Tier 2 pensions are going down. It’s “obvious”.