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."
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
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.
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.
Going forward with new employees scrap the pension system. Put them on SS and up to 5% matching IRA. Fair to everybody.
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
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 »
It has already hurt them; this will be like kicking them while they are on the ground.
Can’t we just switch all state employees to SS? Or at least new ones.
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.