Commentary: Rushed pension reform will hurt businesses, residents – Daily Herald*

Matt Paprocki, of the Illinois Policy Institute: "When the state starts looking for new revenue, it’s clear lawmakers start with businesses. So, businesses: be warned. Lawmakers are tinkering with enacting sweeping changes to Illinois’ public pension system — and the money to fund these changes will have to come from somewhere."
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Frank Goudy
1 year ago

Going forward with new employees scrap the pension system. Put them on SS and up to 5% matching IRA. Fair to everybody.

William Butler Hickock
1 year ago

Squeezy the python sits and waits keeping the coils tight, the time will come to tighten a little more. The time is fast coming that old
Squeezy will tighten the last time.
Check mate

Last edited 1 year ago by William Butler Hickock
Riverbender
1 year ago

Good old Governor Quinn and his squeezable python regarding the pensions. That didn’t seem to bother Quinn when he expanded Medicaid in Illinois as the headline put it “Governor Quinn Enacts Largest Increase in Health Care Coverage in State History.” Quinn seemed to have plenty of chatter for a while regarding Squeezy but the usual new spending in other areas instead once again popped up. Why spend on pension liabilities when you can expand entitlement programs like Medicaid and keep rolling along the Illinois way? Perhaps Quinn was the real squeezy because, after all, it was he who signed the… Read more »

Last edited 1 year ago by Riverbender
Leaving Soon, just not soon enough
1 year ago

It has already hurt them; this will be like kicking them while they are on the ground.

the doctor
1 year ago

Can’t we just switch all state employees to SS? Or at least new ones.

Where's Mine ???
1 year ago

One would think if the machine is going to sneak in a whole lot of added benefits beyond ‘safe harbor’ fix to TIER 2 pensions they are going to have to do it real quick, in fall session, on dopey taxpayers while the COVID $bucks$ are still propping up the Illinois economy and dopey voter/taxpayers will be distracted by presidential elections.

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