Beating A Dead Horse, Etc.: Here’s More Research On Public Pensions and the ‘Contracts Clause’ – Forbes

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NB-Chicago
6 years ago

Fantastic Bauer article. I’m not an accountant, actuary or lawyer–but tried to make point in another wp comment. If pension reform constitutional amendment was attempted and legal battle ensued pitting States fiscal obligation to provide “Higher Public Propose” (funding for basic services-schools, police, etc) as being crowed out by pension obligations (protected under Contract Clause) how do you weigh, from overall pot of taxable funds available, how much is required for “Higher Public Propose” vrs pensions? At what point or using what method is it determined that tax payers have paid enough? Is the pension debt $137 bill or $241… Read more »

Fed up neighbor
6 years ago

Very good article, but who in Illinois will do anything about it. Nobody, sorry to say

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