Wirepoints’ Mark Glennon on AM560: JB Pritzker’s 70-Page Federal Wish List and Why Nobody Asks “How Are We Going to Pay for It?
Governor JB Pritzker’s 70-page federal wish list would cost trillions of dollars, but not a word is provided on that or how it would be paid. Summary and audio linked here.
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
Let’s make pensions great again. Fix those tier 2 pensions and restore to the proper tier 1 level. I may even get my CTU brothers and sisters to do the trump dance after they are fixed.
After that let’s work to fix WEP and GPO for social security. It’s already passed the house with bipartisan support. We need fair social security payouts for all that we paid into before becoming CTU teachers and after we retired. Fair retirement rules now! Let’s GO!!!
This sounds an awful lot like making Tier 2 exactly like Tier 1. The very things that make Tier 2 different from Tier 1 are being removed to make Tier 2 the same as Tier 1. What a crock.
Hopeless. The hogs will continue to feed until the farmer dies or moves on. They don’t care about the farmer.
Big picture, are scurrilous thief overloards want to get a “fix” passed while state still looks a shade better than disaster while still being propped up with COVID-ARPA $bucks$ on dopey taxpayers. I think I read Millers saying they’ll try and sneak a “fix” thru in January lame-duck secession. Correct me if I’m wrong, dopey taxpayers are being sold that the total yearly $payout$ as an existing TIER II pension is currently less than total yearly $payout$ under SS unless “safe harbor” is fixed when in fact your still light-years better off with existing TIER II deal than SS. And… Read more »
THere is a lot of talk about what a Tier 2 pension provides versus social security….but no dollar figures are ever given. Why doesn’t someone do a breakdown of a hypothetical retirement after 30 years as a teacher versus 30 years of paying the same amount into social security so people can see a dollar to dollar comparison of the benefits.
Complicated. The Lylena Estabine/ IPI article does a great job (https://www.illinoispolicy.org/illinois-needs-responsible-tier-2-pension-reform/).
Fair would be moving the tier 1 to tier 2, like everyone that’s NOT a state employee and retiring at 55 with a full pension. (still not fail but at least not quite insane)
Fair retirement for all Illinois workers and holy hell for all Illinois taxpayers and businesses.