Amending ERISA will eliminate playing politics with pensions. It will bring transparency and accountability to the promises being made to public workers, who deserve to know the truth about their pensions.
New Jersey and Michigan have rewritten pension benefits. It isn’t impossible. Telling grifters how much they are still owed by taxpayers defeats the purpose when there isn’t the cash behind it. Better yet, go to a plan that requires contributions. Public pensioners need to take responsibility for their own retirement.
Leaving Soon, just not soon enough
6 months ago
Illinois pension funding is a complete disaster for the taxpayer. The funding needed to keep up with the ever-increasing costs are impossible to be met by a normal working family. Pensions far exceed anything reasonable ($100,000 plus is now commonplace) for many years to come. Check out the data base and you will see it is impossible to fund this nightmare. Home – Illinois Public Pensions Database
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.
New Jersey and Michigan have rewritten pension benefits. It isn’t impossible. Telling grifters how much they are still owed by taxpayers defeats the purpose when there isn’t the cash behind it. Better yet, go to a plan that requires contributions. Public pensioners need to take responsibility for their own retirement.
Illinois pension funding is a complete disaster for the taxpayer. The funding needed to keep up with the ever-increasing costs are impossible to be met by a normal working family. Pensions far exceed anything reasonable ($100,000 plus is now commonplace) for many years to come. Check out the data base and you will see it is impossible to fund this nightmare.
Home – Illinois Public Pensions Database