Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
As long as the union exclusively pays into IDES and gets tagged with the expensive experience factor and has union funds confiscated to pay for it, fine.
If the burden is placed on any employer? Nope. IDES is paid mostly by non-union businesses, and this would be an illegal Takings from non-union businesses to subsidize willful dereliction of duty by striking employees (Kids, that’s what a strike actually is).
Illinois elects its dumbest. Every time.
another day, another business-unfriendly Illinois bill
If there’s any burden that can be placed on employers, they will find it.
And on the same page I read “John Deere Quietly Choosing Indiana and North Carolina Over Illinois”